Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een vliegtuig van het type C919 van de Chinese vliegtuigbouwer Comac. Het toestel vloog zondagochtend van Shanghai naar Peking.  ( 3 min )

De Amerikaanse president Joe Biden heeft een voorlopig akkoord bereikt met de Republikeinen over verhoging van het schuldenplafond van de Amerikaanse overheid. Daarmee lijken de Verenigde Staten voorlopig uit de gevarenzone, maar het Congres moet nog wel over het akkoord stemmen.  ( 4 min )

Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een C919 van de Chinese vliegtuigbouwer Comac. Het toestel vloog zondagmorgen van Shanghai naar Peking.  ( 3 min )

De Amerikaanse president Joe Biden en de Republikeinse voorzitter van het Huis van Afgevaardigden Kevin McCarthy, hebben zaterdagavond (lokale tijd) een voorlopig akkoord bereikt over verhoging van het schuldenplafond van de Amerikaanse overheid. Daarmee lijkt de VS voorlopig uit de gevarenzone, maar het Congres moet nog wel over het akkoord stemmen.  ( 4 min )

Luchtvaartmaatschappij China Eastern Airlines heeft zondag de eerste commerciële vlucht uitgevoerd met een C919 van de Chinese vliegtuigbouwer Comac. Het toestel steeg even na 10.30 uur lokale tijd op vanaf het vliegveld in Shanghai, zo blijkt uit beelden van staatsomroep CCTV.  ( 3 min )

De Russische economie verliest steeds meer terrein op het wereldtoneel. Moskou houdt het hoofd nog boven water vanwege de verkoop van olie en gas aan onder meer China. Maar op de lange termijn is dat niet houdbaar aangezien de oorlog in Oekraïne voorlopig niet voorbij is.  ( 5 min )

Bonds are meant to be boring. Investors buy them because they provide a predictable income stream. Pension funds buy them to hedge against their riskier bets. Prices and yields are usually dull and predictable - yet that is precisely the point.  ( 15 min )

Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Saturday reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, two sources familiar with the negotiations said, potentially averting an economically destabilizing default. "This will be pretty good for the market," said Amo Sahota, director at KlarityFX, adding that it may give more reason for the U.S. Federal Reserve to feel confident about raising rates again.  ( 8 min )

In a major step toward averting the debt ceiling crisis, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement to raise the national borrowing limit for two years.  ( 19 min )

U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, ending a months-long stalemate, two sources familiar with the negotiations said on Saturday. Where there were the most distortions from the uncertainty was in the credit markets and in the Treasury bill market... I think on Tuesday, when the market reopens in the U.S., we should see those two distortions fixed.  ( 7 min )

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The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. Discover the current debt ceiling and its economic impact.  ( 28 min )

In a major step toward averting the debt ceiling crisis, President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement to raise the national borrowing limit for two years.  ( 17 min )

Learn the basic lingo of bonds to unveil familiar market dynamics and open to the door to becoming a competent bond investor.  ( 28 min )

Gen Z has proven that they aren’t afraid to invest. Roth IRAs offer a tax-advantaged way to diversify their portfolios.  ( 23 min )

The top Zoom shareholders are Santiago Subotovsky, Ryan Azus, Janine Pelosi, Eric Yuan, Bin Yuan and Cathy Wang, and Li Ka-shing.  ( 21 min )

For individuals and businesses, income means the money that they receive for their labor or products. Each type of income has its own tax regulations.  ( 25 min )

Treasury bills, or "T-bills," are debt obligations issued by the U.S. government. Learning how to read the quotes is the first step to start trading.  ( 19 min )

PayPal's business model is prioritizes safe transactions between buyers and sellers, but there are still risks to keep in mind. Learn how PayPal compares to credit cards.  ( 24 min )

Learn how to go about getting the best deal possible when you buy a used car. After three years, the average car is worth about 60% of its price when new.  ( 30 min )

The list of names and amounts of U.S. debt held by the five foreign countries that own the most and why.  ( 22 min )

Probability density function is a statistical expression defining the likelihood of a series of outcomes for a continuous variable, such as a stock or ETF return.  ( 21 min )

A price to earnings ratio helps investors find the market value of a stock compared to the company's earnings. Learn how the P/E and PEG assess a stock's future growth.  ( 25 min )

Should you buy a new or used car? Here are the pros and cons of each, and how to decide which is right for you  ( 23 min )

A spot rate is a price for a transaction that is happening immediately. For a transaction that is to occur in the future, the price is called the forward rate.  ( 24 min )

Learn how the notional value of a futures contract is calculated and why you need to know how to do so.  ( 21 min )

Money market accounts can be helpful spots for investors to park their money. Here are five key things to keep in mind when opening an account.  ( 23 min )

What's in the $1.2 trillion bipartisan infrastructure bill—and the now $2.3 trillion bill the House passed—and where we go from here.  ( 38 min )

Depending on your 401(k) plan, contributions may be matched by an employer in a number of ways.  ( 25 min )

We developed criteria to compare personal loan providers. Learn more about our personal loan provider rating methodology.  ( 18 min )

Trigger line refers to a moving average plotted on a MACD indicator that is used to generate buy and sell signals in a security.  ( 21 min )

For more than a year, economists have been waiting for a recession to arrive—however, it keeps standing them up, and it might be called off completely.  ( 20 min )

Greenidge Generation Holdings, Robinhood Markets, and Applied Digital lead the cryptocurrency stock space for best value, fastest growth, and most momentum, respectively.  ( 20 min )

High mortgage rates and home prices are persuading more potential homebuyers to stay put for now.  ( 19 min )

Shonda Rhimes' Show `Queen Charlotte' Most Watched on Netflix Right Now-Here's Her Net Worth  ( 18 min )

AAA is the highest possible credit rating that may be assigned to a debt issuer’s bonds by any of the major credit-rating agencies: Standard & Poor’s (S&P), Fitch, and Moody’s.  ( 19 min )

Nvidia's role in powering the AI sector's vast ambitions means it will be a clear leader in the space for a long time, sources told Insider.  ( 8 min )

"There's not enough retail interest to indicate a bubble is forming, and there's a lot more room for retail investors to get involved in these names."  ( 7 min )

(Bloomberg) -- In an era of historic inflation, one alternative investment has been making its way into portfolios as a diversifier and potential hedge against stubborn price pressures: farmland.Most Read from BloombergEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyWorld’s Richest Man Throws In Towel on Beverly Hills HotelA $189 Airport Travel Hack Is No Longer Working Very WellDebt-Limit Talks Get More Time as US Treasury Pushes Back Deadline“  ( 8 min )

Warren Buffett warned in 2011 that failing to raise the debt ceiling might be the most idiotic move in the history of Congress.  ( 7 min )

Tensions are rising between Saudi Arabia and Russia as Moscow keeps pumping large volumes of cheaper crude into the market, undermining Riyadh’s efforts to bolster energy prices.  ( 29 min )

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A Gallup poll found that expectations for a comfortable retirement are the most pessimistic they have been in over a decade.  ( 9 min )

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The very essence of a retirement nest egg lies in the concept of patient growth and compounding of investments over time. Its purpose is to offer a bountiful reserve of funds when one bids farewell to the workforce, ensuring a … Continue reading → The post Alarming Number of Working Americans Cash Out Retirement Accounts When Changing Jobs appeared first on SmartAsset Blog.  ( 8 min )

President Joe Biden has championed a substantial financial proposal in the latter half of his term: increasing taxes on businesses engaging in stock buybacks. This initiative aims to redirect corporate funds toward business expansion and job creation, instead of primarily … Continue reading → The post Biden's Stock Buyback Tax Gets Pushback appeared first on SmartAsset Blog.  ( 7 min )

While governments and top tech executives argue about artificial intelligence’s ability to trigger a global conflict, the humans actually working on the technology are busy fighting a war of wages.  ( 9 min )

Investors are still betting against a number of banks in the western half of the country. Some of those lenders say their fundamental strengths are being overlooked.  ( 11 min )

Costco CFO Richard Galanti on Thursday offered some observations on inflationary pressures, saying they continue to "abate somewhat" for the retailer.  ( 8 min )

The company’s chips are leaders in processing the complex calculations driving the latest internet revolution.  ( 29 min )

The national debt is a real issue. A debt ceiling standoff that risks a default is the worst way to address it, experts say.  ( 12 min )

Many brands have long shrugged off criticism of their stands on social issues, but Target and Bud Light just proved that even huge corporations can be made to bend.  ( 29 min )

When the bond markets dramatically turned on the UK in the wake of the disastrous mini-Budget last autumn, it prompted lengthy lectures on the crazy excesses of “Trussonomics”.  ( 8 min )

(Bloomberg) -- The outlook on France’s credit rating was reduced to negative from stable by Scope Ratings, raising questions about President Emmanuel Macron’s efforts to spur growth and reduce a crisis-swollen debt burden. Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two Years‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeA $189 Airport Travel H  ( 6 min )

The Dow snapped a losing streak as investors headed into Memorial Day anticipating Washington will reach a deal to raise the debt ceiling.  ( 7 min )

E-commerce shopping trends and satellite images are no longer available to foreign users of Wind, clouding their view of the world’s second-largest economy.  ( 27 min )

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Holmes’s downfall was triggered by these Wall Street Journal articles about the blood-testing company and its founder.  ( 24 min )

Bedrijven gaan steeds vaker in zee met oudere werknemers vanwege de krapte op de arbeidsmarkt. "Er wordt veel breder gekeken naar kandidaten. Het is echt een enorm verschil met een aantal jaar geleden", zegt arbeidsmarktdeskundige Rob Witjes van het UWV.  ( 4 min )

Passagiers die zaterdag arriveren op luchthavens in het Verenigd Koninkrijk hebben te maken met lange wachtrijen vanwege een storing bij de elektronische paspoortcontrole.  ( 3 min )

De Iraakse overheid heeft zaterdag een project gelanceerd dat de belangrijke goederenhaven aan de zuidkust via spoor en wegen verbindt met de grens met Turkije. Het 17 miljard dollar kostende project moet de Iraakse economie helpen transformeren na decennia van oorlogen en conflicten in het land.  ( 4 min )

De Iraakse overheid heeft zaterdag een project gelanceerd ter waarde van 17 miljard dollar voor de verbinding van een ​​belangrijke goederenhaven aan de zuidkust via spoor en wegen met de grens met Turkije. Het miljardenproject moet helpen bij het transformeren van de Iraakse economie na decennia van oorlog en conflict in het land.  ( 4 min )

De zomer staat weer voor de deur, dus trekken Nederlanders de komende weken massaal hun caravan of camper uit de stalling om op vakantie te kunnen gaan. Een televisie behoort vaak tot de standaarduitrusting, maar tv kijken op de camping blijft een uitdaging.  ( 4 min )

Klimaatverandering kan de komende tien jaar de wereldwijde inflatie aan gaan jagen, bijvoorbeeld omdat voedselprijzen harder stijgen. Dat stelt de Europese Centrale Bank (ECB) op basis van nieuw onderzoek. Volgens de studie kan het jaarlijks om een stijging met meer dan 1 procentpunt gaan.  ( 3 min )

VDL dreigt met het intrekken van een bonus van 7.500 euro als de medewerkers van Nedcar doorgaan met staken. Dat blijkt uit een interne mededeling van Nedcar-directeur John van Soerland aan de medewerkers van de autofabriek in Born.  ( 4 min )

Een meerderheid van de Duitsers staat sceptisch tegen de eventuele komst van een digitale euro, waaraan wordt gewerkt door de Europese Centrale Bank (ECB). Dat blijkt uit een peiling die de Duitse branchevereniging voor banken heeft laten uitvoeren.  ( 3 min )

Frankrijk heeft een nieuwe waarschuwing gekregen van een kredietbeoordelaar over zijn huishoudboekje. Het kleinere Europese kredietbeoordelingsbureau Scope heeft de zogeheten outlook voor de Franse kredietwaardigheid verlaagd naar negatief. Het bureau is met name bezorgd over de hoge staatsschuld van het land.  ( 3 min )

De grootste energieverbruikers van Nederland betalen maar een heel klein deel van alle energiebelasting: minder dan 2,5 procent. Huishoudens en kleine bedrijven draaien op voor het merendeel van de belasting op stroom en aardgas, blijkt uit een analyse van NU.nl.  ( 7 min )

Twitter houdt zich niet langer aan een vrijwillige Europese gedragscode voor internetplatforms. Eurocommissaris Thierry Breton (Industrie) meldt op Twitter dat het sociale medium van Elon Musk uit de EU-overeenkomst is gestapt.  ( 3 min )

Jamie Dimon, CEO en bestuursvoorzitter van bankconcern JPMorgan Chase, heeft onder ede verklaard dat hij nooit contact heeft gehad met zedendelinquent Jeffrey Epstein. De zaak was door de Amerikaanse Maagdeneilanden en slachtoffers van Epstein aangespannen tegen het bedrijf.  ( 3 min )

Via NUjij vroegen wij welke vragen jullie over de woningmarkt hebben. Onze economieverslaggever Tom van Gurp geeft hier antwoord op jullie prangendste vragen.  ( 6 min )

Het nieuwe pensioen staat voor de deur. Dinsdag stemt de Eerste Kamer voor een hervorming van het pensioenstelsel. Dat stelsel brengt wat nieuwe onzekerheden met zich mee. Hoe kun je voor de zekerheid voor wat extra pensioen zorgen?  ( 6 min )

De grootste energieverbruikers van Nederland betalen maar een heel klein deel van alle energiebelasting: minder dan 2,5 procent. Huishoudens en kleine bedrijven draaien op voor het merendeel van de belasting op stroom en aardgas, blijkt uit een analyse van NU.nl.  ( 7 min )

Shonda Rhimes' Show `Queen Charlotte' Most Watched on Netflix Right Now-Here's Her Net Worth  ( 1 min )

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The move is a blow to the state’s efforts to maintain a vibrant market for homeowners in the wildfire-prone state.  ( 26 min )

Lordstown Motors’ former CEO Steve burns lowered his stake in the maker of electric trucks. Atea Pharmaceuticals is evaluating an M&A offer.  ( 22 min )

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Readers weigh in on the prospects for oil and gas, a scenario for interest-rate hikes, and ChatGPT companies  ( 22 min )

COVID-19 was hell for tech stock and chip manufacturers. But AI has now flipped the script. Here are the companies benefiting the most so far.  ( 9 min )

Meta has announced layoffs of 21,000 workers over the past year. But that's all part of Zuckerberg's push for greater efficiency.  ( 8 min )

(Bloomberg) -- Bond investors are beginning to look beyond the debt-ceiling quagmire even as Treasury Secretary Janet Yellen’s warnings about when the US will run out of borrowing capacity become more pointed. What lies beyond is a bit troubling.Most Read from BloombergEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion Surge‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyEmerging US Debt Deal Would Raise Limit, Cap Spending for Two Years  ( 9 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

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See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

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Nvidia and other tech stocks have added billions of dollars in market value as the technology has boomed  ( 28 min )

(Bloomberg) -- ConocoPhillips exercised its right to acquire TotalEnergies SE’s 50% stake in the Surmont oil-sands field for as much as $3.33 billion, giving it full control of the Canadian operation and thwarting efforts by Suncor Energy Inc. to buy into the site.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsEurope’s Economic Engine Is Breaking DownCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeCredit Suisse Loses Singapore Case Agai  ( 8 min )

Ulta Beauty cut its operating margin outlook, and said its recent boom in growth will slow.  ( 17 min )

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Jennison Associates' nearly 1% stake in Nvidia has ballooned in value from $3.4 billion to $8.6 billion this year, assuming it hasn't cashed out.  ( 7 min )

Marvell Technology (MRVL) is the latest tech firm to say it is benefitting from the boom in artificial intelligence (AI), and shares skyrocketed on Friday after the company released its first-quarter earnings.  ( 17 min )

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Many workers are graduating and “going to be in a hole and they can’t invest," Anthony Noto said.  ( 9 min )

Stocks with any combination of durable volumes, attractive relative valuations, and some margin recovery are worth watching, a Wells Fargo analyst says.  ( 41 min )

When bond prices go down, yields go up. The 10-year Treasury note now yields 3.8%, up from a recent low of just over 3.3%.  ( 22 min )

It’s no secret that oil companies have been gushing profits and cash flow. After all, when Big Oil reported financial results for 2022, President Joe Biden called the industry’s record profits “outrageous.” And that means these major oil producers can return a lot of cash to investors. For instance, Chevron Corp. announced a 6% increase to its quarterly dividend to $1.51 per share in January. At the current share price, the oil-producing giant offers an annual dividend yield of 3.8%. At ExxonMob  ( 9 min )

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(Bloomberg) -- Cathie Wood defended her firm’s decision to bail on Nvidia Corp. before the chipmaker’s shares surged 160%, saying the computer-chip industry’s boom-bust cycle poses risks.Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEurope’s Economic Engine Is Breaking DownCredit Suisse Loses Singapore Case Against Georgian Billionaire IvanishviliJPMorgan Tells 1,000 First Republic Employ  ( 8 min )

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If you’re an income investor, chances are good that you love having dividend stocks in your portfolio with dividends that grow precipitously over time. But not all dividend stocks have substantial dividend growth. It takes ongoing earnings growth to enable a company to continue raising its dividend without running into difficulty paying its shareholders. Take a look at three real estate investment trusts (REITs) that have had superb dividend growth over the past five years, putting them well ahe  ( 9 min )

(Bloomberg) -- With the artificial-intelligence hype sweeping across Wall Street, a massive inflow turned a popular ETF tracking chipmakers into the largest of its category.Most Read from BloombergEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeA $189 Airport Travel Hack Is No Longer Working Very WellThe iShares Semi  ( 8 min )

The Tesla CEO bemoaned an "overallocation of talent towards apps on phones."  ( 8 min )

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The stock was on track for its lowest close since August 2020.  ( 22 min )

The high-end Equinox gym claimed Röbynn Europe was fired for repeated tardiness. Europe alleged her firing was retaliation.  ( 7 min )

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JPMorgan has filed a trademark application for an A.I. software that can pick stocks—and much more.  ( 8 min )

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CEO Dave Powers doubled down on the success of the company’s Hoka brand in a call with analysts on Thursday evening.  ( 8 min )

The upper middle class is feeling the economic squeeze too.  ( 27 min )

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The US stock market is poised to end the week on a positive note, fueling optimism as the long holiday weekend approaches. This positive sentiment stems from the news that the White House and congressional Republicans are nearing the final stages of reaching an agreement to raise the government’s debt ceiling, which currently stands at $31.4 trillion. A successful debt ceiling bill would lay to rest fears that the US could default on debt obligations and avoid the risks such an event would bring  ( 10 min )

Meta's latest round of layoffs are part of an initiative that has been cheered by investors, but left some former employees relieved to be done with their time at the social media giant.  ( 8 min )

Mexican President Andres Manuel Lopez Obrador on Friday said the government could acquire up to half of the Mexican unit of Citigroup after the U.S. bank announced plans this week to pursue an initial public offering of the business. Lopez Obrador, speaking at a press conference, noted that the bank had also said it wants the unit known as Banamex to have Mexican shareholders. Citi on Wednesday said it was planning an IPO for the Mexican unit, abandoning earlier plans for a sale, prompting Lopez Obrador to announce that the Mexican government could invest in Banamex and had up to $3 billion at its disposal.  ( 7 min )

Returns reach levels not seen in years, and the short-term U.S. securities offer liquidity with little risk, despite the battle over the debt ceiling.  ( 22 min )

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(Bloomberg) -- Morgan Stanley’s chief US equity strategist isn’t convinced the stock rally is here to stay and strengthened his warning about a potential market downshift later this year. Most Read from BloombergEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEurope’s Economic Engine Is Breaking DownCredit Suisse Loses Singapore Case Against Georgian Billionaire IvanishviliJPMorgan Tells 1,000 First Republic Emplo  ( 8 min )

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Nvidia’s 24% rally in Thursday’s session turned heads on Wall Street and raised questions about whether the AI-driven market frenzy is becoming a bubble. But it wasn’t necessarily ret  ( 27 min )

David Einhorn’s hedge fund, Greenlight Capital, enjoyed some big gains in 2022, being one of the few to benefit from last year’s bear market. The conditions suited the value investor’s style, and the fund had its best year in a decade. However, it has been a different story so far this year, as Greenlight has been underperforming the broad markets. Einhorn, however, is not about to bang his head against the wall and try to fit a square into a circle. In a recent letter to shareholders, he stated  ( 10 min )

Ulta's average sales per customer fell for the first time in more than five years, the company reported Thursday.  ( 22 min )

Just because you retire doesn't mean you have to stop working. And when work is an option rather than a requirement, it's possible to select a low-stress job that multiplies fulfillment without adding anxiety - but still provides a bit … Continue reading → The post 12 Low-Stress Jobs You Can Do in Retirement appeared first on SmartAsset Blog.  ( 8 min )

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New York City is taking its business away from banks that lack anti-discrimination plans.  ( 9 min )

Retirement offers you the time to do the kind of stuff you always wanted to do but couldn't because work filled up your schedule. Of course, retirement also typically means living on a fixed income, which may limit your ability … Continue reading → The post 6 Fun Things to Do in Retirement on a Budget appeared first on SmartAsset Blog.  ( 8 min )

If you have multiple millions set aside for retirement, you may still feel a little nervous at the possibility of giving up a steady paycheck at age 50. After all, many resources that people use for retirement such as traditional retirement … Continue reading → The post Is $10 Million Enough for You to Retire at 50? appeared first on SmartAsset Blog.  ( 9 min )

Buying a home is one of the biggest financial decisions many people will ever make. And it can also be one of the most complex. Even the simple question of what percentage of your income should safely go to a … Continue reading → The post What Percentage of Your Income Should Safely Go to a Mortgage? appeared first on SmartAsset Blog.  ( 8 min )

Retiring at 40 may sound like a pipe dream. But it's entirely within reach if you save $1 million while working. The key elements for achieving this feat are sticking to a budget and implementing a comprehensive retirement strategy. But … Continue reading → The post Can I Retire at 40 With $1 Million? appeared first on SmartAsset Blog.  ( 12 min )

For some people, retirement can feel a bit like the dog that caught the car. You've prepared for this moment your entire adult life, and you're certainly very happy to have gotten here but … well, now what? You've spent … Continue reading → The post Five Tips to Enjoy Life After Retirement appeared first on SmartAsset Blog.  ( 8 min )

Traders of futures contracts tied to the Federal Reserve's policy rate boosted bets on Friday that the U.S. central bank is not yet done on raising interest rates, after a government report showed inflation last month rose faster than expected. Implied yields on the contracts rose after the Commerce Department report, reflecting about a 60% chance that the Fed will increase its target range for the benchmark rate, currently at 5%-5.25%, by a quarter of a percentage point at its June meeting. Futures contracts earlier in the day were pricing in about a 60% chance the Fed would skip a June rate hike.  ( 5 min )

U.S. consumer spending increased more than expected in April, boosting the economy's growth prospects for the second quarter, and inflation picked up, which could see the Federal Reserve keeping interest rates higher for some time. Consumer spending jumped 0.8% last month, the Commerce Department said on Friday. Economists polled by Reuters had forecast consumer spending, which accounts for more than two-thirds of U.S. economic activity, rising 0.4%.  ( 6 min )

A key index of U.S. prices ticked higher in April as consumer spending rebounded, a sign that inflationary pressures in the economy remain high. The index, which the Federal Reserve closely monitors, showed that prices rose 0.4% from March to April, much higher than the 0.1% increase the previous month. The government reported Friday that the year-over-year figure was down sharply from a peak of 7% last June yet remains far above the Fed's 2% inflation target, and it surpassed the 4.2% figure in March.  ( 8 min )

Stocks rose slightly on Friday morning as investors awaited more news on the debt ceiling deliberations in Washington ahead of the holiday weekend.  ( 8 min )

Make no mistake, Nvidia has captured the imagination of Wall Street.  ( 9 min )

Increasing demand for generative AI is driving Marvell's network products, this analysts says.  ( 22 min )

The company made its first crewed test flight since Sir Richard Branson went to orbit in July 2021.  ( 22 min )

RH continues its stretch of poor results, in part because of poor execution.  ( 8 min )

Broadcom Inc. (AVGO) shares gained 14% in May alone. The latest surge in potential A.I. related companies has helped. However, unusual buying in the shares has been a theme for months.  ( 7 min )

(Bloomberg) -- Comcast Corp. Chief Executive Officer Brian Roberts has a penchant for lining up a huge deal around every five years or so. It was 2018 the last time he made a big acquisition, and Wall Street is ready for his next dramatic move.Most Read from BloombergWorld’s Richest Man Throws In Towel on Beverly Hills HotelEurope’s Economic Engine Is Breaking Down‘Last of Us’ Multiplayer Video Game Faces Setbacks at SonyA $189 Airport Travel Hack Is No Longer Working Very WellDebt-Limit Talks G  ( 12 min )

Cathie Wood's Ark Innovation ETF sold its Nvidia shares before the majority of the chip maker's stock rally but is backing automation software maker UiPath.  ( 23 min )

Applied Materials Inc. (AMAT) shares gained 15% in the month of May alone. The latest surge in potential A.I. related companies has helped. However, unusual buying in the shares has been a theme for months.  ( 7 min )

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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 24 min )

(Bloomberg) -- Nvidia Corp. gave investors what they were looking for this week: concrete evidence that the surge in artificial intelligence is resulting in a sales boost. Nearly lost in the euphoria that the chipmaker set in motion, however, was a warning that not all are going to join in the feast.Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsApple Plans to Turn Locked iPhones Into Smar  ( 10 min )

US debt ceiling talks appear to have overcome an impasse and are now close to finding a resolution.  ( 8 min )

(Bloomberg) -- Marvell Technology Inc. surged more than 21% in late trading after the chipmaker said it expects revenue from artificial intelligence to soar this year, capitalizing on a spending boom that also sent Nvidia Corp. on a record-setting rally this week. Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17JPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsFirst Republ  ( 7 min )

U.S. stock futures fell early Friday as investors held tight for updates on the debt ceiling negotiations and awaited the Federal Reserve’s preferred inflation metric. While tech outperformance, following Nvidia’s earnings, largely drove Thursday’s gains on Wall Street, there were also positive sig  ( 28 min )

(Bloomberg) -- Asian investors remain on edge before the weekend amid concern US debt-ceiling negotiations may still break down or could result in draconian spending cuts that crimp global economic growth.Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17JPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsFirst Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before Bu  ( 7 min )

ZURICH (Reuters) -Credit Suisse was ordered to pay $926 million to Georgia's former prime minister on Friday for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank. Singapore's International Commercial Court said a unit of Credit Suisse had not acted in good faith and neglected to keep the assets of Bidzina Ivanishvili safe, in the latest blow to the troubled bank, which is being taken over by UBS. Credit Suisse immediately said it would appeal the decision.  ( 8 min )

Across government and the city, policymakers and politicians are singing from the same hymn sheet: the City of London needs to start taking more risks.  ( 9 min )

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Advances in artificial intelligence (AI) have captured the imagination of the market and the general public alike in 2023, so it’s no surprise that AI-focused ETFs are enjoying solid year-to-date gains. With just $13 million in assets under management (AUM), the WisdomTree Artificial Intelligence and Innovation Fund (BATS:WTAI) could be a hidden gem among these funds. Here’s why there’s plenty to like about this tiny, under-the-radar ETF. AI is Just Getting Started WisdomTree writes that AI “is  ( 9 min )

(Bloomberg) -- Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter, as time grows short to avert a catastrophic US default.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17Cathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchFirst Republic’s $35 Million Ban  ( 6 min )

The US markets are showing some conflicting signs, making forecasting difficult. The main headwind, inflation, is down – but the labor market is strong, with unemployment falling and wages rising. The Federal Reserve raised interest rates at the fastest rate since the 1980s, bringing them from near-zero to more than 5% in the last 12 months, risking recession to try and keep a cap on prices. But will the Fed’s efforts come to naught? Interest rate increases tend to affect the markets with a lag  ( 10 min )

Intel rebounds to lead the Dow upward, while American Express gains on ratings upgrade  ( 1 min )

Markets gain on Friday, May 26, 2023 on optimism about debt ceiling talks, more positive AI news  ( 1 min )

The Labor Department will release its latest inflation reading and Ford electric vehicle owners will soon be able to use Tesla charging stations. Here’s what investors need to know today.  ( 1 min )

We reviewed and compared the buy now, pay later (BNPL) apps from Klarna and Afterpay. This review will help you decide which is the best BNPL app for your needs.  ( 24 min )

Intel rebounds to lead the Dow upward, while American Express gains on ratings upgrade  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

Markets gain on Friday, May 26, 2023 on optimism about debt ceiling talks, more positive AI news  ( 16 min )

Ulta Beauty cut its operating margin outlook, and said its recent boom in growth will slow.  ( 16 min )

Gap reported an unexpected quarterly profit as restructuring efforts and lower costs boosted margins.  ( 16 min )

Marvell Technology (MRVL) is the latest tech firm to say it is benefitting from the boom in artificial intelligence (AI), and shares skyrocketed on Friday after the company released its first-quarter earnings.  ( 16 min )

Currency history is a term that refers to the values of a base currency over time, specifically in relation to the values of other foreign currencies.  ( 19 min )

Looking for the latest TD Bank CD rates? Our guide covers the current rates, term lengths, and minimum deposit requirements, helping you make an informed decision.  ( 20 min )

An embargo is a government order that restricts commerce or exchange with a specified country, usually as a result of political or economic problems.  ( 21 min )

Extra expense insurance covers reasonable and necessary costs that a business may incur as a result of an interruption in its operations.  ( 19 min )

U.S. adults are taking longer than people their age in 1980 to reach milestones such as being financially independent, getting married or having a child, a new Pew Research Center study found.  ( 19 min )

Blind brokering is when brokerage firms ensure anonymity to both the buyer and the seller in a transaction.  ( 19 min )

See how the top nationwide rates on high-yield savings accounts are trending. Our rate data is checked daily for almost 100 financial institutions.  ( 18 min )

In a matter of seconds, generative artificial intelligence can produce new content, such as text, images, video, and code, in response to a user-given prompt.  ( 26 min )

Mortgage rates continue to surge, extending a pattern of almost daily increases for more than a week. The 30-year rate average is now nearing a 20-year high-water mark.  ( 19 min )

The Associate in Information Technology (AIT) designation is geared toward educating insurance professionals about the IT environment.  ( 20 min )

Learn how Sony Corporation became a leader in the entertainment world, along with the four biggest companies it owns.  ( 22 min )

Rival automakers Ford and Tesla announced a partnership to share 12,000 EV charging points, following a Biden Administration plan for American-made EV solutions.  ( 17 min )

Hawkish describes an inflation hawk, or a policy maker or advisor who prioritizes controlling inflation and may favor higher interest rates to keep it in check.  ( 25 min )

The Federal Reserve’s preferred measure of consumer prices surged in April, dealing a setback in the fight against inflation.  ( 17 min )

The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.  ( 24 min )

The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.  ( 27 min )

The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.  ( 25 min )

The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.  ( 29 min )

Discover how Airbnb works and makes money as well as the pros and cons of using its marketplace.  ( 31 min )

The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.  ( 17 min )

Compare mortgage rates across 18 different products for both purchase and refinance and see how they stack up across the country.  ( 26 min )

Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.  ( 17 min )

Whether the debt ceiling crisis pushes borrowing costs down or makes them spike depends on how the standoff unfolds, and how markets react.  ( 17 min )

A buydown is a mortgage financing technique where the buyer tries to get a lower interest rate for at least the mortgage’s first few years but possibly for its lifetime.  ( 24 min )

The Labor Department will release its latest inflation reading and Ford electric vehicle owners will soon be able to use Tesla charging stations. Here’s what investors need to know today.  ( 19 min )

Find out how duration and convexity measures can help fixed-income bond investors manage risks such as interest rate sensitivity within their portfolios.  ( 22 min )

De Verenigde Staten zitten waarschijnlijk pas op 5 juni zonder geld als er geen politiek akkoord komt over een verhoging van het schuldenplafond van de Amerikaanse overheid. Met die inschatting is minister van Financiën Janet Yellen vrijdag gekomen. 5 juni is later dan eerder werd voorspeld.  ( 4 min )

De Verenigde Staten zitten waarschijnlijk pas op 5 juni zonder geld als er geen politiek akkoord komt over een verhoging van het schuldenplafond van de Amerikaanse overheid. Met die inschatting is minister van Financiën Janet Yellen vrijdag gekomen. 5 juni is later dan eerder werd voorspeld.  ( 3 min )

De Autoriteit Persoonsgegevens (AP) heeft van de Duitse privacytoezichthouder een tip gekregen over een mogelijk datalek bij autofabrikant Tesla. Volgens de Duitse zakenkrant Handelsblatt ligt ongeveer 100 gigabyte aan persoonsgegevens op straat.  ( 3 min )

De discussie over de zogenoemde graaiflatie heeft inmiddels ook het Verenigd Koninkrijk bereikt. Critici beschuldigen grote supermarkten ervan de prijzen extra te verhogen voor eigen gewin. Maar de grootgrutters ontkennen dat.  ( 3 min )

Niet Air France KLM, maar de Duitse luchtvaartmaatschappij gaat er met de Italiaanse airline ITA vandoor. Lufthansa kocht donderdag al een deel van de luchtvaartmaatschappij op en komt volgens topman Carsten Spohr later terug voor de rest.  ( 3 min )

La Place, dat ooit begon in de winkels van het ter ziele gegane V&D, vindt bij HEMA opnieuw onderdak in een warenhuis. Zowel HEMA als La Place is nu in handen van de familie Van Eerd, de eigenaren van supermarktketen Jumbo. Eerder al kwamen producten van HEMA in de schappen van Jumbo te liggen, La Place is een nieuwe stap in die kruisbestuiving.  ( 6 min )

Consumenten moeten beter worden beschermd tegen goedkope spullen uit het buitenland die gevaarlijk of ongezond zijn. Minister Micky Adriaansens (Economische Zaken en Klimaat) kondigt daarom strenge regels aan: "Je kunt niet ver genoeg gaan om onveilige producten van de markt te krijgen en consumenten te beschermen."  ( 3 min )

Consumenten moeten beter worden beschermd tegen goedkope spullen uit het buitenland die gevaarlijk of ongezond zijn. Minister Micky Adriaansens (Economische Zaken en Klimaat) kondigt daarom strenge regels aan: "Je kunt niet ver genoeg gaan om onveilige producten van de markt te krijgen en consumenten te beschermen."  ( 3 min )

Consumenten moeten beter worden beschermd tegen goedkope spullen uit het buitenland die gevaarlijk of ongezond zijn. Minister Micky Adriaansens (Economische Zaken en Klimaat) kondigt daarom strenge regels aan: "Je kunt niet ver genoeg gaan om onveilige producten van de markt te krijgen en consumenten te beschermen."  ( 4 min )

Cuba is steeds afhankelijker van de voedselproductie op het eiland, zei de Cubaanse minister Alejandro Gil van Economische Zaken tegen het nieuwe parlement. Door de belabberde economische situatie wordt het steeds lastiger om voedsel, brandstof en medicijnen te importeren. Maar ook de eigen landbouwproductie hapert.  ( 4 min )

Neuralink heeft van de Amerikaanse medische toezichthouder FDA toestemming gekregen om een gedachtenlezer op mensen te testen. Het bedrijf van Elon Musk heeft een hersenimplantaat ontwikkeld waarmee het brein rechtstreeks kan communiceren met een computer.  ( 3 min )

Na bijna vijftig jaar trouwe dienst is de acceptgiro bezig aan zijn laatste dagen. In 2021 werd aangekondigd dat de stekker er op 1 juni van dit jaar definitief uitgaat. Voor wie toch nog wil betalen via papier, bestaan alternatieven.  ( 6 min )

Sinds de strengere regels voor 0906-nummers zijn er al 163 telefoonnummers onbruikbaar gemaakt. De komende weken trekt de toezichthouder er nog zo'n 250 in. Het gaat onder meer om telefoonnummers waarvan het voor de beller niet onmiddellijk duidelijk is dat het om een betaald nummer gaat.  ( 3 min )

Drie jaar na de introductie van 5G in Nederland kunnen we nog steeds niet optimaal gebruikmaken van het snellere mobiele internet. Wat we nu hebben is een 4G-verbinding in een 5G-jasje. Het duurt nog minimaal een jaar voordat we het échte 5G kunnen gebruiken.  ( 4 min )

Na bijna vijftig jaar trouwe dienst is de acceptgiro bezig aan zijn laatste dagen. In 2021 werd aangekondigd dat de stekker er op 1 juni van dit jaar definitief uitgaat. Voor wie toch nog wil betalen via papier, bestaan alternatieven.  ( 5 min )

Rival automakers Ford and Tesla announced a partnership to share 12,000 EV charging points, following a Biden Administration plan for American-made EV solutions.  ( 1 min )

Marvell Technology (MRVL) is the latest tech firm to say it is benefitting from the boom in artificial intelligence (AI), and shares skyrocketed on Friday after the company released its first-quarter earnings.  ( 1 min )

Gap reported an unexpected quarterly profit as restructuring efforts and lower costs boosted margins.  ( 1 min )

Ulta Beauty cut its operating margin outlook, and said its recent boom in growth will slow.  ( 1 min )

Mortgage rates quoted in headlines can differ, which can cause confusion. Freddie Mac is the most recognized source for mortgage rates but Investopedia's mortgage rate data is published daily and represents a more timely and realistic snapshot of national and state-level rates.  ( 19 min )

Accounting is the process of recording, summarizing, and reporting financial transactions to oversight agencies, regulators, and the IRS.  ( 33 min )

Cum laude is a Latin term that translates to “with honor.” Magna cum laude means “with great honor,” and summa cum laude means “with the greatest honor."  ( 25 min )

A decentralized autonomous organization (DAO) is a system developed to distribute decision-making, management, and entity ownership.  ( 25 min )

A performance appraisal is a regular review of an employee’s job performance and overall contribution to a company.  ( 22 min )

The Industrial Revolution was a period of radical modernization and mechanization that began in Great Britain and spread to the United States.  ( 23 min )

Investopedia’s second-ever special edition print magazine, What To Do With $10,000, is on sale now. The new issue explores where to invest your cash and build wealth based on your individual financial goals.  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

Average IRA, 401(k) and 403(b) balances rose in the first quarter of 2023, according to a Fidelity study of 44.5 million accounts, with Gen Z making the biggest gains.  ( 16 min )

The value-oriented Dow Jones Industrial Average fell by 0.1%, or about 35 points, as investors brushed off debt-ceiling gridlock and piled into tech stocks.  ( 16 min )

Risk takes on many forms but is broadly categorized as the chance an outcome or investment's actual return will differ from the expected outcome or return.  ( 31 min )

Find out more about loan delinquency, loan default, and the differences between a loan borrower defaulting and being delinquent on a loan.  ( 24 min )

U.S. equities were mixed on Thursday, May 25, 2023 as Nvidia's results and outlook helped send the Nasdaq and S&P 500 higher, while the Dow fell on growing concerns about a possible government default.  ( 16 min )

Dead money is a slang term for an investment that has failed to show any significant growth in value or substantial return for a protracted period.  ( 24 min )

Dollar Tree shares declined as the discount retailer missed profit estimates and cut its profit forecast because of theft and inflation.  ( 16 min )

Just 43% of non-retired Americans surveyed by Gallup said they expect they can afford a comfortable retirement.  ( 17 min )

Before taking out a personal loan, you should pre-qualify with several lenders to find the best possible rates. We’ll show you how to pre-qualify for loans and compare your options.  ( 23 min )

Pending home sales were unchanged in April from the previous month as high prices, rising mortgage rates and limited inventory keep the homebuying market in a slump.  ( 17 min )

A home is a person's permanent primary residence to which they return, or intend to return.  ( 21 min )

A wise investor is one who recognizes gold’s place in the market, without attaching too much or too little significance to it.  ( 25 min )

The U.S. debt seems to grow every year. But how does national debt actually affect you?  ( 27 min )

A co-applicant is a second named person on a loan or other type of application.  ( 20 min )

Market failure is a situation in which there is an inefficient allocation of goods and services in the free market.  ( 27 min )

Brand personality is a set of human characteristics attributed to a brand name that the consumer can relate to.  ( 27 min )

An all-cash, all-stock offer is a proposal by one company to purchase all of another company's outstanding shares from its shareholders for cash.  ( 21 min )

On Thursday morning, it was made public that a consortium of buyers, including Arrington Capital, won the bidding war over insolvent crypto lender Celsius' assets.  ( 17 min )

A listing broker or listing agent helps you list and sell your home. Learn what a listing broker does and when you might need one.  ( 22 min )

The average mortgage rate on 30-year loans fell after eight straight days of growth, dropping 9 basis points, while 15-year average was also down, though it didn't fall as far.  ( 19 min )

Chipmaker Nvidia stunned analysts with its first quarter results which will have a knock-on effect on other stocks such as ASML, TSM and SMCI, but not AMD and Intel.  ( 18 min )

For politicians looking to save taxpayers money, adding work requirements to Medicaid and other social programs would do next to nothing, according to analysis from the Congressional Budget Office.  ( 16 min )

Discover the key elements of making a winning stock pick and a good long-term investment using fundamental and economic data analysis.  ( 21 min )

You don’t have to take required minimum distributions from your Roth IRA during your lifetime, but your heirs eventually may have to.  ( 27 min )

A leveraged buyout (LBO) is the acquisition of another company using a significant amount of borrowed money (debt) to meet the cost of acquisition.  ( 23 min )

Nvidia shares surged more than 20% Thursday to all-time highs, pushing the chipmaker’s market capitalization to a new record just shy of $1 trillion.  ( 15 min )

A bear market poses difficult choices for investors, who must consider their risk tolerance, time horizon, and objectives.  ( 24 min )

A mortgage pipeline is the backlog of mortgage applications that are not yet closed but that have interest rates that are locked.  ( 18 min )

Economic order quantity (EOQ) is the order quantity a company should make for its inventory given production cost, demand rate, and other variables.  ( 25 min )

If your local government seizes your property and sells it at an auction over unpaid taxes, they’re no longer allowed to keep the profits, the Supreme Court ruled Thursday.  ( 16 min )

Accenture Federal Services has won a spot on a seven-year purchase agreement worth up to $2.6 billion in contracts to modernize IRS systems.  ( 16 min )

The volume price trend (VPT) indicator helps determine a security’s price direction and strength of price change.  ( 18 min )

Ally Bank CD rates are competitive, and there is no minimum deposit required to open. Several term options, as well as a special no-penalty CD, are available.  ( 20 min )

Sears offers several types of store cards, each with its own rewards and benefits programs.  ( 27 min )

A unilateral transfer is a one-way transfer of money, goods, or services from one party to another such as government payments made to citizens.  ( 19 min )

A structured note is a debt security issued by financial institutions. Discover why structured notes might not be the best option for an investor.  ( 24 min )

Here's what you need to know to choose between a health savings account (HSA) and a flexible savings account (FSA) to help with medical expenses.  ( 24 min )

Find out how your profits are taxed and what to consider when making investment decisions.  ( 21 min )

Fitch doesn’t believe the U.S. will ultimately default, but debt negotiation delays show an ongoing risk to the nation’s creditworthiness.  ( 17 min )

Can the government foreclose on your house for unpaid taxes, sell it off, and keep all the profits? That’s now up to the Supreme Court.  ( 18 min )

Sally Beauty is the best value cosmetics stock, while e.l.f. Beauty leads the pack for fastest growth and most momentum.  ( 20 min )

Nvidia shares surged after the AI chipmaker posted a blowout revenue forecast and Fitch put the U.S. credit rating on watch as debt ceiling negotiations drag on. Here’s what investors need to know today.  ( 18 min )

Clean energy will account for 60% of all global energy investment in 2023, the IEA predicts, with spending on solar energy surpassing oil for the first time.  ( 17 min )

The national debt is the total that a country owes creditors, which in the case of the United States includes debt held by the public and intragovernmental debt.  ( 30 min )

In finance, a ceiling is the maximum permitted level in a financial transaction. The term can be applied to a variety of factors.  ( 20 min )

A fixed-dollar value collar is a strategy where a company that may be acquired can protect itself from the stock price fluctuations of the acquiring firm.  ( 24 min )

U.S. equities were mixed on Thursday, May 25, 2023 as Nvidia's results and outlook helped send the Nasdaq and S&P 500 higher, while the Dow fell on growing concerns about a possible government default.  ( 1 min )

The value-oriented Dow Jones Industrial Average fell by 0.1%, or about 35 points, as investors brushed off debt-ceiling gridlock and piled into tech stocks.  ( 1 min )

Nvidia shares surged after the AI chipmaker posted a blowout revenue forecast and Fitch put the U.S. credit rating on watch as debt ceiling negotiations drag on. Here’s what investors need to know today.  ( 1 min )

Dollar Tree shares declined as the discount retailer missed profit estimates and cut its profit forecast because of theft and inflation.  ( 1 min )

Nvidia shares surged more than 20% Thursday to all-time highs, pushing the chipmaker’s market capitalization to a new record just shy of $1 trillion.  ( 1 min )

Accenture Federal Services has won a spot on a seven-year purchase agreement worth up to $2.6 billion in contracts to modernize IRS systems.  ( 1 min )

Nvidia shares jumped in extended trading on Wednesday after the company beat earnings expectations and said there was a surge in demand for its AI products.  ( 1 min )

Amazon is the world's largest cloud-computing company. But investors ignored the stock on a day when many other plays were up sharply.  ( 23 min )

David Trainer, founder of investment research firm New Constructs, ran a model showing Nvidia stock is unlikely to reward future investors at this level.  ( 9 min )

The chip maker's CEO says that "AI has emerged as a key growth driver for Marvell."  ( 22 min )

The cash infusion in Shari Redstone’s National Amusements comes weeks after Paramount cut its dividend, a key source of income for Redstone and her family.  ( 27 min )

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The business empire of corporate raider and activist investor Carl Icahn continues to tumble amid the fallout following a recent report from short-selling firm Hindenburg Research — and losses are accelerating as a longtime rival echoes the firm's allegations. In the report, published on May 2, Hindenburg claimed that Icahn Enterprises has been using inflated asset valuations. Based in Sunny Isles Beach, Florida, Icahn Enterprises has stakes in businesses ranging from food packaging and automotive to real estate and pharmaceuticals.  ( 8 min )

Despite fears of a recession, incoming data continues to point to an economy that's growing.  ( 7 min )

Though the AI boom has massively benefited Nvidia, AI – and generative AI specifically – also marks a major opportunity for other chip companies like Qualcomm, the company's SVP of Product Management Ziad Asghar told Yahoo Finance Live.  ( 8 min )

On the company's earnings call, CEO Jensen Huang may have pointed to two good AI plays.  ( 30 min )

The U.S. Treasury Department is at risk of defaulting on its debt if Congress doesn't act to lift the debt ceiling before it is reached, which could happen as soon as June 1. For holders of Treasury bills, notes and bonds, that raises uncertainty over whether the issues they hold will be affected, and what happens if the debt is not repaid or an interest payment is skipped. No. Treasuries do not have any cross default provisions so a skipped payment on one issue will not necessarily impact others.  ( 7 min )

Nikola shares touched a 52 week low. The stock has closed under $1 for more than 30 consecutive business days and is at risk of being delisted.  ( 8 min )

Nikola shares touched a 52 week low. The stock is at risk of being delisted.  ( 7 min )

Alibaba Group Holding Limited (NYSE: BABA) shared plans to hire 15,000 people in 2023, sharply contradicting reports of its layoff plans. The Chinese e-commerce platform voiced a requirement of 15,000 recruits for its six major business divisions. The company said it would recruit 3,000 university graduates. Also Read: Navigating Alibaba's Bumpy Road: Analyst Holds Positive, Adjusts Price Target Downward Alibaba snubbed reports of layoffs as "rumors" and said employee departures are part of the  ( 7 min )

(Bloomberg) -- Cathie Wood’s flagship exchange-traded fund closed out its Nvidia Corp. stake in early January. Then, came the artificial intelligence frenzy that sent the stock and its big tech peers on a tear.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofFirs  ( 8 min )

Treasury's Bureau of Fiscal Management said it would auction $119 billion of 3-month and 6-month bills on Tuesday, with the sales formally settling two days later on June 1. According to research firm Wrightson ICAP, the bureau would not typically announce an upcoming sale "until it is certain that it has room under the debt ceiling for the new securities."  ( 7 min )

Meet Dr. Herbert Wertheim, the billionaire optometrist who Forbes hailed as “the greatest investor you’ve never heard of.” He quietly built a stock portfolio estimated at $4.6 billion. Affectionately known as Dr. Herbie, Wertheim has built his portfolio through traditional, time-tested investment strategies. By primarily investing through ordinary Fidelity Investments and Charles Schwab accounts, he has been able to steadily grow his wealth. Don't Miss: Why Jason Calacanis and Other Silicon Vall  ( 8 min )

President Joe Biden and House Speaker Kevin McCarthy are coming close to a deal on the debt ceiling, according to a report from Reuters that cited a person familiar with the matter. The Dow Jones  ( 25 min )

Even financial gurus like Warren Buffett, CEO of Berkshire Hathaway Inc., are not immune to making mistakes or bad investments. Buffett has acknowledged a costly “mistake” that impacted the conglomerate’s financials. Despite earning $42.5 billion in 2020, Buffett revealed in his annual letter to shareholders that the company had incurred a substantial loss of $11 billion because of an ill-fated acquisition. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Start  ( 8 min )

Shares of Nvidia ripped higher Thursday, as the company rides the AI wave.  ( 8 min )

The affected clients are being offered the option to transform their revolving credit lines into fixed-term loans at the same rate for a period of up to five years, the report said, adding First Republic is also asking customers if they would prefer to pay off their credit lines. First Republic's business model was to lure high net-worth customers with preferential rates on mortgages and loans.  ( 7 min )

Thursday’s gain brings it closer to 13,000, the index’s recent peak in August and a level it hasn’t retuned to since.  ( 23 min )

Shares of Nikola, a provider of electric vehicles and fuel-cell technology, are down more than 17% Thursday. There are a couple of reasons why, including the stock's own depressed price.  ( 22 min )

Pratt & Whitney has no engines currently available for India's Go First airline, which also has no rights over them, the counsel for the U.S. firm told a Delaware court on Thursday as the two companies engaged in a raging dispute over the supplies. The Indian airline has approached the Delaware court to enforce an arbitration order it won in Singapore against Pratt & Whitney, which it blames for its financial troubles and argues the U.S. firm failed to supply engines on time. Pratt says those claims are without merit.  ( 6 min )

Icahn Enterprises LP's stock tumbled as much as 24.7% to $18.03, deepening losses of more than 60% that were recorded following short-seller Hindenburg Research's scathing attack on the company three weeks ago. In a memorable clash a decade ago, the billionaire had shorted supplement company Herbalife, in which activist investor Icahn was a shareholder.  ( 7 min )

The EV upstart is on the right path, says one analyst.  ( 22 min )

Stratasys, Ltd (NASDAQ: SSYS) stock is trading higher Thursday following Nano Dimension Ltd's (NASDAQ: NNDM) unsolicited special tender offer to acquire between 53% and 55% ownership of Stratasys. Nano Dimension proposed to acquire between 53% - 55% ownership of Stratasys for $18.00 per share in cash. Nano Dimension's all-cash special tender offer represents a premium of 26% to Stratasys' closing price of $14.26 as of March 3, 2023. Nano Dimension has been trying to woo Stratasys since at least  ( 7 min )

Once upon a time, retirement in America was referred to as "a three-legged stool." The first leg was your expected Social Security benefits, the second leg was your own personal savings and the third was something old-timers called a pension. … Continue reading → The post Thousands of Old Pensions Are Going Unclaimed. How to Find Out If One of Them Is Yours appeared first on SmartAsset Blog.  ( 8 min )

(Bloomberg) -- Traders betting against Nvidia Corp. suffered massive losses as the chipmaker’s stock surged to a record high after it forecasts sales that far surpassed the average analyst estimate. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchFirst Republic’s $35 Million Banker Outearned JPMorgan’s Dimon Before BustUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseJPMorgan Tells 1,  ( 7 min )

Intel stock was falling sharply Thursday as investors sold shares of the tech company amid competitive concerns as Nvidia reported strong earnings. Intel (ticker: INTC) was the worst performer in the Dow Jones Industrial Avera  ( 25 min )

Chipmaker Nvidia stunned analysts with its first quarter results which will have a knock-on effect on other stocks such as ASML, TSM and SMCI, but not AMD and Intel.  ( 18 min )

The chip maker's incredible quarter—and share price gain—holds both promise and peril for another stock market darling.  ( 26 min )

A long-running feud between activist hedge fund managers Carl Icahn and Bill Ackman is revived as the latter tweets about the embattled shares of the former's investment vehicle.  ( 26 min )

Shares of Nvidia, already one of the world's most valuable companies, skyrocketed Thursday after the chipmaker forecast a huge jump in revenue, signaling how vastly the broadening use of artificial intelligence could reshape the tech sector. Late Wednesday the maker of graphics chips for gaming and artificial intelligence reported a quarterly profit of more than $2 billion and revenue of $7 billion, both exceeding Wall Street expectations. "It looks like the new gold rush is upon us, and NVIDIA is selling all the picks and shovels,” Susquehanna Financial Group’s Christopher Rolland and Matt Myers wrote Thursday.  ( 8 min )

(Bloomberg) -- Oil fell as the dollar strengthened and Russia played down the likelihood of OPEC+ cutting production further.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill Ackman Says Icahn ‘Somewhat’ Like Archegos as Stock Plunges AnewWest Texas Intermedi  ( 7 min )

He also claimed that work-life balance is a myth.  ( 8 min )

The chip maker's blowout guidance sent shares of other AI-exposed companies, such as Microsoft and Alphabet, higher.  ( 23 min )

According to undisclosed sources, activist investor Carl Icahn is poised to secure enough shareholder support to place Andrew Teno, an Icahn nominee, to join the board of Illumina Inc (NASDAQ: ILMN). However, it should be noted that the tally has not yet been finalized, and shareholders still have the opportunity to modify their votes before the commencement of the company's annual shareholder meeting on Thursday, Reuters reported. Also Read: Carl Icahn Admits Making A Mistake On Bearish Bet, Sa  ( 7 min )

The Russians aren’t helping the price of oil — to the delight possibly of the West and the utter frustration likely of other producers within the OPEC+ alliance, not to mention market bulls. Crude prices tumbled some 3% Thursday after Russian Deputy Prime Minister Alexander Novak, who is also the nation’s de facto oil minister, said he expected no new steps from OPEC+ at its meeting on June 4. Given that Saudi Energy Minister Abdulaziz bin Salman had hinted just 24 hours earlier of the possibility of another round of production cuts at the meeting, Novak’s remarks meant only one thing — that the alliance will keep output unchanged.  ( 8 min )

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(Bloomberg) -- Speaker Kevin McCarthy said issues remain in negotiations with the Biden administration on raising the federal debt limit as the clock ticks down to the point when the Treasury runs out of cash.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill  ( 6 min )

The phrase ‘a recession is coming’ has attained a mantra-like quality in recent times, reflecting the prevailing belief that a downturn in the economy is imminent. However, taking a stance in opposition to the doom sayers, billionaire Steve Cohen is keeping an optimistic outlook. “I’m making a prognostication — we’re going up,” Cohen said recently. “I’m actually pretty bullish.” That might be a bold statement to make right now, but it’s not as if Cohen has had no success in taking the fearless r  ( 10 min )

Personal loans secured against the value of Icahn's ownership in his own investment firm could prove highly unstable, the Pershing Square founder warns.  ( 9 min )

Operating a business on the side can give you valuable tax deductions as well as extra income. However, the Internal Revenue Service (IRS) decides if the business is actually a hobby or not. If the IRS says it is, you … Continue reading → The post IRS Hobby vs. Business: What It Means for Taxes appeared first on SmartAsset Blog.  ( 9 min )

Costco (COST) is set to report earnings Thursday after market close as consumers search for value offerings amid higher grocery prices and continue to move away from spending on big ticket items.  ( 8 min )

(Bloomberg) -- First Republic Bank made its name catering to wealthy clients across California and New York, reeling in many with unusually sweet mortgages that eventually doomed the firm.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill Ackman Says Icahn ‘So  ( 9 min )

Thursday, Barclays analyst Jiong Shao downgraded XPeng to Sell from Hold. His price target went to $6 a share from $8.  ( 22 min )

(Bloomberg) -- Stock market strategists and portfolio managers who expected equities to go nowhere in 2023 are changing their tune as their fears transform into the fear of missing out on a potential rally. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofDeaths  ( 8 min )

The discount retailer posts first-quarter adjusted earnings of $1.47 a share, below analysts' expectations of $1.53.  ( 26 min )

Nvidia cements its market darling status after blowout quarter and outlook.  ( 9 min )

(Bloomberg) -- The AI hype cycle has birthed innumerable boosters. An unlikely member of this group is Silicon Valley billionaire Tom Siebel.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofBill Ackman Says Icahn ‘Somewhat’ Like Archegos as Stock Plunges AnewSinc  ( 14 min )

(Bloomberg) -- The AI hype cycle has birthed innumerable boosters. An unlikely member of this group is Silicon Valley billionaire Tom Siebel.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofDeaths Soar on Everest After Record Number of Climbers Attempt SummitSinc  ( 14 min )

Stocks were mixed on Thursday morning as Nvidia led a tech rally despite debt ceiling concerns hanging over broader markets.  ( 8 min )

The transaction comes after Stratasys rejected multiple takeover offers from Nano Dimension Ltd, its largest shareholder with a 14.2% stake. Nano on Thursday launched a hostile $18.00 per share all-cash offer to boost its stake in Stratasys to between 53% and 55%. Desktop Metal stockholders will receive 0.123 ordinary shares of Stratasys for each share of Desktop Metal Class A common stock.  ( 7 min )

Daiwa analyst Jairam Nathan upgrades shares of Ford to Hold from Sell. What the auto maker didn't say at its analyst event is the reason.  ( 22 min )

Medtronic Plc on Thursday forecast annual profit below Wall Street estimates, as the medical device maker expects stronger dollar to continue dragging its sales down in international markets. Medtronic has warned of a delayed improvement in earnings this year as its costs continue to remain high despite restructuring efforts. It expects profit to be in the range of $5 per share to $5.10 per share for the fiscal year 2024, lower than analysts' estimates of $5.20 per share, according to Refinitiv IBES data.  ( 6 min )

Medtronic Plc beat Wall Street estimates for quarterly profit on Thursday, helped by a recovery in non-urgent surgical procedures that were delayed during the pandemic as well as strong demand for its heart and diabetes devices. Excluding items, the Dublin-based medical device maker reported a profit of $1.57 per share for the fourth quarter, slightly above analysts' average estimate of $1.56 per share, according to Refinitiv IBES data.  ( 6 min )

The White House and congressional Republicans on Thursday are expected to resume negotiations on a deal to raise the government's $31.4 trillion debt ceiling, with as little as a week remaining until a potential economically catastrophic default. Democratic President Joe Biden and House of Representatives Speaker Kevin McCarthy are at odds over spending, taxes and work requirements for anti-poverty programs. "We'll continue to work through this, try to get a solution," McCarthy, the top Republican in Congress, told reporters after his negotiators returned from a four-hour White House meeting on Wednesday.  ( 7 min )

Nvidia issues a bullish sales forecast for its fiscal second quarter and the stock soars, Snowflake slashes its revenue outlook, and Splunk's adjusted earnings easily top estimates.  ( 23 min )

The Shark Tank star said she got her spending philosophy from her mother—and it's served the real estate titan well.  ( 8 min )

Royal Bank of Canada reported a drop in second-quarter profit on Thursday, as tough economic conditions spurred the lender into building higher provisions to prepare for more borrowers falling behind on their loan repayments. Net income fell 14% to C$3.65 billion ($2.70 billion) or C$2.58 per share for the three months ended April 30, compared with C$4.25 billion, or C$2.96 per share, a year earlier.  ( 6 min )

(Bloomberg) -- Snowflake Inc. gave a sales outlook for the current quarter that fell short of expectations, suggesting that many companies are trimming their spending for cloud software amid uncertain economic conditions. The shares declined more than 12% in extended trading.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Bigges  ( 7 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 20 min )

Nvidia shares jumped after it forecast a revenue tailwind from the artificial-intelligence race, but if you don’t want to shell out for the expensive stock, there are other options.  ( 27 min )

(Bloomberg) -- Chinese stocks in Hong Kong plunged as investors trimmed positions ahead of a long weekend, with disappointing earnings from electric-vehicle maker XPeng Inc. spurring a selloff in automobile shares.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car Roof  ( 8 min )

Chipmaker Nvidia’s upbeat earnings gave its stock a boost unprecedented in the company’s history and in the history of the US stock market.  ( 8 min )

Nvidia shares jumped almost 25% in extended trading after the chipmaker gave a revenue forecast 50% higher than analyst estimates.  ( 9 min )

Netflix's new "paid sharing" policy could boost revenue and improve profits. But it's a big headache for parents with adult children.  ( 22 min )

(Bloomberg) -- China’s muted economic rebound, and Beijing’s reluctance to deploy large-scale stimulus, are reverberating around the globe, crushing commodity prices and weakening equity markets.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out and  ( 8 min )

Activist investor Carl Icahn is seeking to unseat Illumina’s chairman and its CEO, and put three of his own people on the company’s board.  ( 22 min )

(Bloomberg) -- Nvidia Corp. may be poised for a record one-day jump in value for a US company after it raised its outlook on voracious demand for chips used in artificial intelligence applications.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17US Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseMcCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out a  ( 7 min )

In addition to waiters, baristas, and drivers, Americans are wondering why they're being asked to tip at fast food restaurants and self-checkout.  ( 8 min )

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Elon Musk blames overloaded servers for Twitter Spaces crashing while Florida governor Ron DeSantis announces his presidential run on the platform's live audio feature.  ( 7 min )

(Bloomberg) -- Nvidia Corp. results showing that customers are binging on chips used in artificial intelligence computing sent a complex of stocks tied to the burgeoning technology soaring. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends  ( 7 min )

With companies like Google and Microsoft racing to integrate artificial intelligence into their services, there’s already one clear winner: Nvidia, which makes the chips powering the AI boom.  ( 7 min )

In physics, gravitation dictates that what goes up must come down. The stock market, however, is a bit less predictable. Stocks can follow the crowd, buck the market’s trend, or just mosey along. This year, energy stocks are bringing up the bottom of the pack, underperforming the broader markets. However, it’s worth noting that what goes down can still come back up. In this regard, the investment giant Goldman Sachs has been identifying energy stocks that are primed to recoup their losses — and  ( 11 min )

De Europese Centrale Bank (ECB) zal de rentetarieven in de eurozone ook in juni en juli nog moeten verhogen om de hoge inflatie onder controle te krijgen. De inflatie blijkt namelijk hardnekkiger dan verwacht, benadrukt president Klaas Knot van De Nederlandsche Bank (DNB) in een interview met vier grote Europese kranten.  ( 4 min )

Medewerkers van de Nedcar-autofabriek in het Limburgse Born gaan volgende week weer staken. Ze hebben een bod voor een sociaal plan van eigenaar VDL afgewezen.  ( 3 min )

De marktprijs voor gas blijft maar dalen en is donderdag gezakt naar 25 euro per megawattuur. Dat is vier keer zo laag als begin dit jaar en zelfs twaalf keer lager dan in augustus 2022. Uiteindelijk zien we dat ook terug op de energierekening.  ( 4 min )

De gasprijs blijft de laatste maanden maar dalen. Die daling heeft meerdere oorzaken. Nieuw is dat EU-landen, samen met een aantal andere Europese landen, gezamenlijk gas kunnen inkopen. Dat werkt zo.  ( 3 min )

EU-lidstaten zouden hun steunmaatregelen die zijn bedoeld als compensatie voor de hoge energieprijzen moeten afbouwen. Zo kunnen de nationale overheden de hoge inflatie tegengaan, zegt beleidsmaker François Villeroy de Galhau van de Europese Centrale Bank (ECB).  ( 3 min )

De Duitse economie is in een recessie terechtgekomen. De grootste Europese economie kromp twee kwartalen achter elkaar. Dit komt vooral door huishoudens die minder geld uitgeven.  ( 3 min )

De energierekening wordt komend jaar een stukje goedkoper door dalende tarieven voor gastransport. Die tarieven moeten 20 procent omlaag, heeft toezichthouder ACM besloten. En dat zorgt voor een besparing van maximaal 5 procent op de energierekening.  ( 3 min )

Ambilight TV prijkt vanaf komend weekend op de mouwen van de spelers van FC Barcelona. De sponsoruiting is afkomstig van TP Vision, het bedrijf dat tv's voor Philips maakt.  ( 2 min )

Sinds de oorlog in Oekraïne is in de Europese Unie ruim 200 miljard euro aan Russische tegoeden bevroren. Europa wil dat geld losweken voor de wederopbouw van Oekraïne.  ( 3 min )

Hoewel alle kantoren sinds 1 januari minstens energielabel C moeten hebben, zijn er door het hele land nog duizenden gebouwen die niet aan die plicht voldoen. De eerste waarschuwingsbrieven vliegen de deur uit, maar handhaving is lang niet overal even streng.  ( 7 min )

Bedrijven investeren dit jaar wereldwijd voor zo'n 1.000 miljard dollar (ongeveer 930 miljard euro) in projecten voor fossiele energie. Vooral staatsbedrijven in het Midden-Oosten schroeven hun investeringen op. Dat berekende het internationaal energieagentschap IEA.  ( 4 min )

Ruim honderd spelletjes voor Android-smartphones zijn vanaf vandaag ook speelbaar op Windows-computers. Google heeft de software waarmee dit mogelijk is nu ook uitgebracht in Europa. Volgens het techbedrijf gaat het nog om een test.  ( 3 min )

Transavia schrapt in juli en augustus 210 vluchten vanwege een tekort aan vliegtuigen. Het merendeel van de betreffende reizigers is inmiddels omgeboekt, meldt de luchtvaartmaatschappij donderdag.  ( 3 min )

Vakbonden in het onderwijs dreigen met acties en stakingen als het kabinet niet met extra loon over de brug komt. De bonden hebben een ultimatum aan het kabinet gesteld dat 16 juni verloopt. Daarin eisen ze een loonsverhoging van 12 procent.  ( 4 min )

De Duitse economie is in een recessie terechtgekomen. De grootste Europese economie kromp twee kwartalen achter elkaar. Dit komt vooral door huishoudens die minder geld uitgeven.  ( 3 min )

Vakbonden in het onderwijs dreigen met acties en stakingen als het kabinet niet met extra loon over de brug komt. De bonden stellen een ultimatum aan het kabinet dat 16 juni verloopt en daarin eisen ze een loonsverhoging van 12 procent. Komt die verhoging er niet, dan dreigen ze met acties in het volgende schooljaar.  ( 3 min )

In het druk bevaren Suezkanaal is donderdagochtend opnieuw een schip vastgelopen. Het gaat om het vrachtschip Xin Hai Tong 23, dat een tijdje schuin in het kanaal lag. Daardoor kon ander scheepvaartverkeer er niet langs. Inmiddels is het schip door sleepboten losgetrokken.  ( 3 min )

In het druk bevaren Suezkanaal is donderdagochtend opnieuw een schip vastgelopen. Het gaat om het vrachtschip Xin Hai Tong 23, dat een tijdje schuin in het kanaal lag. Daardoor kon ander scheepvaartverkeer er niet langs. Inmiddels is het schip door sleepboten losgetrokken.  ( 3 min )

Vanaf donderdag rijdt voor het eerst sinds 2014 weer een reguliere slaaptrein tussen Amsterdam en Berlijn. De Nederlandse start-up European Sleeper heeft na een lange zoektocht genoeg rijtuigen gevonden om mee naar de Duitse hoofdstad te rijden.  ( 5 min )

(Bloomberg) -- House Speaker Kevin McCarthy’s optimism that White House and GOP negotiators would reach a deal in time to avert a potentially catastrophic default didn’t mollify analysts as the US was put on a ratings watch late Wednesday. Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends Warning to Central Bankers  ( 8 min )

(Bloomberg) -- Chinese leader Xi Jinping has used policy, capital and outright decree to mold the world's No. 2 economy in his own image. After over a decade in power, an intensifying struggle for tech leadership with the US and a sputtering domestic economy suggest he'll have to once again recalibrate the country's giant internet and manufacturing sectors.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksMcCarthy Says GOP and White House ‘Have Time’ to Reach Debt  ( 11 min )

Stocks related to artificial intelligence surged in extended trade on Wednesday, adding almost $300 billion in market capitalization after chipmaker Nvidia Corp forecast strong revenue growth and said it was boosting production of its AI chips to meet surging demand. Nvidia's stock zoomed as much as 28% after the bell to trade at $391.50, its highest level ever. "With all the enthusiasm around AI and the fact Nvidia delivered a huge beat for first-quarter results and second-quarter estimates, this gives some actual evidence AI is for real," said Daniel Morgan, senior portfolio manager at Synovus Trust in Atlanta.  ( 7 min )

“BudLighting” is a strategy of branding companies as “woke” and calling for boycotts over everything from gender-inclusive swimwear to Bud Light beer.  ( 9 min )

The billionaire investor said in a tweet on Wednesday that he was "fascinated" by the situation between the short seller and Icahn Enterprises, while noting that the company's premium had been sustained by a large dividend yield. "The yield is generated by returning capital to outside shareholders, which is in turn funded by the company selling stock to investors," Ackman said, adding the system is highly dependent on the "maintenance of the premium and the placidity of Icahn's margin lender(s)". Bill Ackman declined to comment beyond his tweet.  ( 7 min )

The provider of business automation software cautions that results could be affected by a recent reorganization of its sales team.  ( 22 min )

Nvidia shares jumped in extended trading on Wednesday after the company beat earnings expectations and said there was a surge in demand for its AI products.  ( 16 min )

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The graphics-chip giant forecast a strong revenue bounce back for the current quarter, driven by growing appetite for generative AI technology.  ( 28 min )

More details will be shared by Verizon on May 25, the report said, citing a prerecorded message that employees received. A demand downturn on account of elevated inflation and rising interest rates has forced several U.S. companies ranging from Meta Platforms Inc to Alphabet Inc to lay off thousands of their employees. Verizon in April had missed its first-quarter revenue and free cash flow estimates, hit by wireless subscriber losses as inflation-hit Americans delayed device upgrades and a pandemic-led growth boom fizzled out.  ( 7 min )

Rethink that retirement party. More and more, seasoned workers are defying expectations and staying put in the workforce for a compelling reason-they simply can't afford to retire. That's the finding from a new study by Korn Ferry that found that … Continue reading → The post Retirement Crisis: Older Americans Struggle to Afford Life After Work appeared first on SmartAsset Blog.  ( 8 min )

(Bloomberg) -- Bill Ackman said Hindenburg Research has “outed” the way billionaire Carl Icahn runs his publicly traded company and suggested shares have room to fall after tumbling to the lowest levels since 2009.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksLula Lashes Out and Sends Warning to Central Bankers EverywhereWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutRussian Wagner Chief Blasts Outcome of Putin’s Ukraine War GoalsWorld’s Biggest Nuc  ( 7 min )

(Bloomberg) -- Stratasys Ltd. is in talks to acquire Desktop Metal Inc. in an all-stock deal that would create a leading 3D printer company in a fragmented industry, according to people familiar with the matter. Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofUS Equities Pare Losses as Debt-Talks Resume: Markets WrapRussian Wagner  ( 7 min )

While results for the quarter ending in April were solid, the company provided a disappointing outlook for the July quarter, and reduced its full-year view.  ( 22 min )

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Nvidia Corp on Wednesday forecast second-quarter revenue above Wall Street estimates, as the growing popularity of artificial intelligence drives demand for its chips used in powering the technology at big data centers. The company forecast current-quarter revenue of $11 billion, plus or minus 2%. Analysts polled by Refinitiv expect revenue to be $7.15 billion.  ( 6 min )

The U.S. solicitor general on Tuesday urged the U.S. Supreme Court to reject an appeal by Apple Inc and Broadcom Inc stemming from their $1.1 billion trial loss to the California Institute of Technology in a patent infringement case. Solicitor General Elizabeth Prelogar said the U.S. Court of Appeals for the Federal Circuit was correct when it ruled last year that the companies could not seek to invalidate Caltech's patents in court after Apple failed to raise its invalidity arguments at the U.S. Patent Office.  ( 7 min )

The retailer says employees have received threats since its Pride Month collection was introduced.  ( 22 min )

Stocks remained lower Wednesday after minutes from the Federal Reserve's latest meeting showed that several participants were open to pausing interest-rate hikes. The Dow Jones Industrial Average was down 230 points, or 0.7%. The S&P 500 fell 0.7%, and the Nasdaq Composite dropped 0.8%. Minutes fr  ( 24 min )

Here's how you can set yourself up financially to make the most out of your post-career years.  ( 8 min )

(Bloomberg) -- Companies that pay rich dividends have been stock-market laggards this year as investors piled into growth-oriented tech giants — but that’s about to change, according to Goldman Sachs.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchUS Credit Rating at Risk of Fitch Cut on Debt-Limit ImpasseWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Ou  ( 7 min )

The brutal truth about the housing market's new Ice Age: If you don't already own a home, you're going to be screwed for years to come.  ( 11 min )

(Bloomberg) -- The deadlock in debt-ceiling negotiations is adding to default concern around a number soon-to-mature Treasury bills and also starting to dent investors' appetite for risk more broadly.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofStocks Slide as Sentiment on Global Outlook Sours: Markets WrapLula Lashes Out and S  ( 8 min )

The stock is on pace for its worst month in nearly two years.  ( 22 min )

Nvidia will report its Q1 earnings after the bell Wednesday.  ( 8 min )

An asset class recession would hit at a uniquely vulnerable time, as the share of Americans invested in stocks hasn’t been so high since the Great Financial Crisis.  ( 9 min )

The Treasury secretary says her agency isn’t getting ready for a potential debt default.  ( 27 min )

Billionaires usually shop for grand mansions, but Elon Musk is not the usual billionaire. In 2022, the Tesla Inc. CEO made headlines by revealing that he owns a tiny home made by Boxabl, a company that specializes in making prefabricated modular housing units. Musk said he uses the tiny home as a guest house. But the unit, called the Casita, comes with plenty of features, including a full-size bathroom, kitchen, appliances, tall ceilings and big windows. Coming in at 361 square feet, the Casita  ( 8 min )

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On Aug. 16, President Joe Biden signed the Inflation Reduction Act into law, directing billions of dollars to Americans looking to upgrade their homes, businesses and cars. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families One provision of the law allows Americans making less than $150,000 a year to claim a $7,500 tax credit for buying an electric car. The law also provides $9 billion in rebates to help people ele  ( 7 min )

Chinese pure-play electric vehicle maker XPeng reported a steep drop in sales in the first quarter, likely due to increased competition in the tight Chinese EV market, and an uneven recovery in the China following its lifting of COVID-19 protocols.  ( 8 min )

Analysts downgraded the laboratory instruments maker's stock after it trimmed its profit outlook for the year on a loss of demand.  ( 22 min )

The stock has done well, but it hasn't gotten the narrative boost that some other big tech stocks have.  ( 22 min )

Negotiators have failed to reach a deal so far despite a “hard deadline” looming.  ( 7 min )

The California regional lender sold assets of a real estate lending business, its second transaction announced this week.  ( 7 min )

(Bloomberg) -- Meta Platforms Inc. employees received news Wednesday of the final round of previously announced job cuts, which affected thousands of workers in the company’s business departments. Now, remaining staff are hoping an uncomfortable limbo at the company can end.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofStocks Sl  ( 8 min )

With EPS beats surpassing misses by a rather normal 4:1 ratio, 1Q23 earnings have been characterized as ‘better-than-feared.’ That said, since the Q1 earnings season began, the S&P 500’s returns have not been particularly impressive. This suggests to Wells Fargo equity analyst Christopher Harvey that rather than being boosted by earnings/fundamentals, the gains accrued so far this year have been driven mostly by “funding and liquidity.” And if that is the case, the omens are not great. “If credi  ( 10 min )

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US stock futures slipped on Wednesday morning as investors fretted over a potential US debt default and braced for the release of minutes later from the Federal Reserve's policy meeting in May.  ( 8 min )

Dividend-paying stocks are taking it on the chin as investors bet big on an artificial-intelligence boom spurred by ChatGPT. What to buy now.  ( 22 min )

Negotiations to raise the U.S. debt ceiling are expected to resume Wednesday morning, according to a report from Reuters,and%20avoid%20a%2  ( 25 min )

The maker of semiconductors posted adjusted earnings of $2.83 a share for the April quarter, up 18% from the same period a year earlier. Quarterly revenue was $3.26 billion, up 10%.  ( 25 min )

Chinese EV maker XPeng reported first quarter results Wednesday. Sales missed Wall Street estimates.  ( 22 min )

Conventional logic says you should delay withdrawals from your tax-deferred retirement accounts as long as possible to maximize the tax-free compounding that can increase the size of your overall nest egg. But the IRS won't wait forever to get its … Continue reading → The post You Can Now Delay RMDs But Think Twice Before You Do appeared first on SmartAsset Blog.  ( 8 min )

The laboratory instruments maker posted earnings of $1.27 per share, better than the $1.26 expected by analysts.  ( 22 min )

Bitcoin's April peak above $30,000 looks increasingly out of reach as U.S. debt-ceiling talks remain a key catalyst for cryptos.  ( 22 min )

Kohl's posted a surprise profit for the fiscal first quarter, helped by the department store chain's moves to cut inventory in the wake of weak sales. The company, based in Menomonee Falls, Wisconsin, also affirmed its annual financial guidance, pushing up shares 11% higher in premarket trading on Wednesday. Kohl’s said that it it cut inventory by 6% while it continued to see sales momentum with its Sephora beauty shops and noted that its stores were more productive.  ( 8 min )

The greenback continues to look for momentum, as the market is sitting just above the recent ascending triangle.  ( 7 min )

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XPeng Inc (NYSE: XPEV) reported a first-quarter FY23 sales decline of 45.9% year-on-year, to RMB4.03 billion ($587.31 million), missing the consensus of $741.07 million. The Tesla Inc (NASDAQ: TSLA) rival's quarterly vehicle deliveries decreased 17.9% Y/Y to 18,230. Revenues from vehicle sales decreased 49.8% Y/Y, mainly attributable to lower vehicle deliveries and the discontinuation of new energy vehicle subsidies. Gross margin contracted by 1,050 basis points to 1.7%. Vehicle margin contracte  ( 7 min )

The retailer posts earnings of 13 cents a share in its first fiscal quarter. Analysts were expecting a loss of 43 cents.  ( 22 min )

Generation Investment exited its stake in Chinese online giant Alibaba in the first quarter. It bought Microsoft, Texas Instruments, and Coupang stock.  ( 26 min )

The euro has gone back and forth during the trading session on Wednesday, as we continue to determine whether or not we can go lower, or if we are going to turn things around.  ( 7 min )

The company forecast third-quarter revenue of $3.10 billion, plus or minus $100 million, the midpoint of which was lower than analysts' estimates of $3.16 billion, according to Refinitiv data. Analog Devices also said it expects current-quarter adjusted profit of $2.52 per share, plus or minus 10 cents, below estimates of $2.65 per share. The dour forecast mirrors the weakness seen at peer Texas Instruments Inc last month, with the chip industry struggling to shake off a slump that has led to a pile-up of inventory.  ( 7 min )

Everything from the stock market to Social Security payments could be jolted if the U.S. defaults on its obligations.  ( 8 min )

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US stock futures slipped on Wednesday morning as investors fretted over a potential US debt default and braced for the release of minutes later from the Federal Reserve's policy meeting in May.  ( 8 min )

The retailer posts earnings of 13 cents a share in its first fiscal quarter. Analysts were expecting a loss of 43 cents.  ( 22 min )

Chinese EV maker XPeng reported first quarter results Wednesday. Sales missed Wall Street estimates.  ( 22 min )

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Target is pulling some Pride collection products off its shelves after some customers made their homophobic feelings known.  ( 9 min )

World markets are finally bracing for accidents as the U.S. debt ceiling impasse threatens to empty U.S. government coffers as soon as next week, but a return of 6% policy interest rates to the risk radar is just as jarring. Fear of a technical default on Treasury bills without a bipartisan agreement in Washington to lift the debt limit by June 1 is causing ever more ructions at the short end of the debt market. Tuesday's $35 billion auction of 21-day cash management bills that cover early June required a whopping 6.2% high yield - more than a percentage point above Federal Reserve policy rates.  ( 7 min )

Intuit boosts its fiscal-year earnings and revenue outlook but its fourth-quarter profit estimate misses estimates, Palo Alto Networks raises guidance on profit, revenue, and billings for the fiscal year, PacWest sells a real-estate lending arm, and Agilent says customers becoming more conservative with spending decisions.  ( 23 min )

(Bloomberg) -- The rally that’s added roughly $400 billion to Nvidia Corp.’s market value this year is about to be put to the test.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutXi Upends the Secretive World of $10,000-an-Hour China ExpertsLuxury Stocks Lose $30 Billion in One Day on Demand FearsChina’s New Covid Wave Set to See 65 Million Cases a WeekThe chipmaker has been at the heart of this year’s st  ( 9 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

Dividend-paying stocks are taking it on the chin as investors bet big on an artificial-intelligence boom spurred by ChatGPT. What to buy now.  ( 22 min )

Generation Investment exited its stake in Chinese online giant Alibaba in the first quarter. It bought Microsoft, Texas Instruments, and Coupang stock.  ( 23 min )

(Bloomberg) -- Mark Nash is shorting two-year Treasuries — what he calls the most dangerous US bonds — in a bet markets are wrong in predicting the Federal Reserve will cut interest rates this year. Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksChina’s New Covid Wave Set to See 65 Million Cases a WeekLuxury Stocks Lose $30 Billion in One Day on Demand FearsMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeWorld’s Richest Man Loses $11 Billion After  ( 7 min )

Bill Ackman's Pershing Square Holdings trades at a 37% discount to its NAV as investors await his comments Wednesday.  ( 22 min )

(Bloomberg) -- Asian travel and retail stocks fell amid concerns on the latest wave of Covid in China as well as a possible slowdown in the US economy.Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy, Graves Signal Impasse in White House Debt TalksChina’s New Covid Wave Set to See 65 Million Cases a WeekMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeRussia Pushes India for Help to Avert Global Financial IsolationShares of luxury bran  ( 6 min )

The company is leading maker of chips used for videogames, artificial intelligence, and cloud computing applications.  ( 22 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 6 min )

"But if we are in this sticky inflationary environment, do you really want to be in cash or bonds?" Savita Subramanian said.  ( 7 min )

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Debt limitation is a bond covenant that seeks to protect current lenders by restricting the amount of additional debt that the issuer might incur.  ( 20 min )

The engineering grad turned hedge fund VP quit a stable job to build “the everything store.”  ( 27 min )

Nvidia shares jumped in extended trading on Wednesday after the company beat earnings expectations and said there was a surge in demand for its AI products.  ( 16 min )

Take a flier refers to the actions of an investor actively engaging in a high-risk investment opportunity.  ( 21 min )

Stocks fell for a second straight day as negotiations on the debt ceiling continued, with 3M and Boeing helping lead shares lower.  ( 16 min )

TurboTax maker Intuit missed revenue estimates for key tax season and shares declined.  ( 16 min )

Abercrombie & Fitch surprised investors with a quarterly profit, and the retailer boosted its full-year guidance.  ( 16 min )

If you have equity in your home and need more cash, a reverse mortgage, home equity loan, and home equity line of credit are great options  ( 26 min )

U.S. equites sank on Wednesday, May 24, 2023 as negotiations to raise the federal debt ceiling hit a snag, increasing the risk the government might default next month.  ( 16 min )

As investors become more environmentally conscious, they have access to an increasing number of green exchange-traded funds (ETFs).  ( 23 min )

A delivery month is the month stipulated for delivery of the underlying commodity in a futures contract.  ( 19 min )

To help you find the right CD, savings, or money market account, we research 200 financial institutions every business day to unearth the best rates. Here's the criteria we use.  ( 20 min )

The trillion-dollar coin is a proposed platinum coin with a face value of $1 trillion, which could be used to reduce the national debt.  ( 23 min )

Empower (formerly Personal Capital) and Vanguard Personal Advisor Services are both excellent robo-advisors, but Vanguard Personal Advisor Services charges much less in fees.  ( 27 min )

Maximize your portfolio by learning about investment opportunities in gold, including bullion, mutual funds, futures, mining companies, and more.  ( 27 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Manufacturing cells use lean environments by grouping together related equipment and personnel.  ( 18 min )

Citizens Bank offers a 14-month certificate of deposit (CD) account with a decent APY. Learn more about its features and how to open a new account.  ( 19 min )

American citizens of every political persuasion may justifiably wonder where all that money comes from and how it’s spent.  ( 19 min )

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) is a sovereign wealth fund established by the Republic of Azerbaijan.  ( 20 min )

Learning just a few basic characteristics about options makes them very useful and easy to understand  ( 21 min )

A guarantor is a person who guarantees to pay a borrower's debt if they default on a loan obligation. Read more about the role of a guarantor in finance.  ( 23 min )

Find out about the rewards the Amazon Prime Rewards Signature Visa Card offers, how to get it, who qualifies, and alternatives.  ( 26 min )

As you age, saving and investing become higher priorities. Read about finding the best financial professional for your current stage in life.  ( 25 min )

Revolving credit is an agreement that permits an account holder to borrow money repeatedly up to a set limit while repaying in installments. Here's how it works.  ( 25 min )

Kohl’s (KSS) investors got a positive surprise as the struggling department store chain reported an unexpected quarterly profit of 13 cents per share.  ( 16 min )

Sovereign debt is issued by a country's government in order to borrow money.  ( 22 min )

Understanding the factors behind Treasury yields and interest rates is crucial for an investor.  ( 24 min )

Homeowners looking to sell their homes are locked into lower rates, and as interest rates climb, would-be sellers are sitting out of the market.  ( 18 min )

Here are a few ways to invest $1,000 to help it grow.  ( 21 min )

Revenue is the total amount of income generated by the sale of goods or services, while income is earnings or profit—revenue minus expenses.  ( 23 min )

If you’re headed for college, federal student loan interest rates at 13-year highs can be disheartening. For many borrowers, however, interest rates could become virtually irrelevant.  ( 17 min )

Autotrading is a trading plan based on buy and sell orders that are automatically placed based on an underlying system or program.  ( 20 min )

eToro offers an innovative trading platform highlighted by a unique social trading experience. This guide will help you learn how to use eToro's popular platform.  ( 20 min )

A gold bug is an investor that is bullish on gold.  ( 21 min )

A box-top order is an order to buy or sell the best market price.  ( 19 min )

The average mortgage rate on 30-year loans rose for the eighth day in a row, jumping 21 basis points. The 15-year average was also up again, though only modestly.  ( 19 min )

Abbott, the nation’s largest maker of infant formula, is being investigated by the Federal Trade Commission for potentially anti-competitive federal nutrition program bids.  ( 17 min )

A loss adjustment expense (LAE) is an expense associated with investigating an insurance claim. Learn how LAE helps measure a company’s profitability.  ( 21 min )

Fewer than half of registered voters think a default on the U.S. debt obligations would significantly impact their personal finances, but economists disagree.  ( 16 min )

Reverse mortgages can provide income for retirement. Learn what can make you ineligible for one and what some of the alternatives are.  ( 22 min )

A sole proprietorship or sole trader is an unincorporated business with a single owner who pays personal income tax on business profits.  ( 29 min )

A run on the fund is a situation where a hedge fund faces increasing redemptions, causing the fund managers to sell positions to meet the withdrawals.  ( 19 min )

With Microsoft leading the pack, these are the 10 biggest software companies by 12-month trailing revenue.  ( 20 min )

To begin, you need to know your cost basis, or the price you paid for the stock. If you did not record this information, you should have an order execution confirmation and/or an account statement that covers the date of your purchase with the purchase price.  ( 19 min )

Bounty programs are rewards, usually in the form of tokens, to promote an initial coin offering (ICO).  ( 19 min )

TH International, Wingstop, and Kura Sushi lead the industry in revenue growth  ( 20 min )

The golden rule of government spending is that a government may borrow only to invest, not to finance current spending. Learn how this works in the real world.  ( 22 min )

Deutsche Bank (DB) and Citigroup (C) on Wednesday admitted to trading sensitive information on U.K. government bonds, and were among five banks found in breach of U.K. competition law.  ( 16 min )

Retail sales tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period of time.  ( 25 min )

The collateral source rule prevents monetary damages from being reduced by the amount that was reimbursed from another source such as insurance.  ( 18 min )

Money market accounts are highly liquid assets, meaning you can remove cash from them quickly. But that can be limited by withdrawal limits and minimum balance needs.  ( 24 min )

The BCG growth-share matrix is a heuristic developed by the Boston Consulting Group used to classify a firm's project outlooks.  ( 23 min )

Relisted shares require a company to return to good standing by complying with financial standards set by the exchange or regulatory body.  ( 19 min )

The Darla Moore School of Business is the business school of the University of South Carolina.  ( 19 min )

Weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a data set.  ( 23 min )

Treasury Secretary Janet Yellen is set to speak as debt ceiling negotiations continue and the FTC is investigating baby formula manufacturers on collusion charges. Here’s what investors need to know today.  ( 18 min )

Singer, songwriter, actor, and businesswoman Selena Gomez has worn many hats in her career—and has amassed a net worth of $95 million doing so, according to Celebrity Net Worth. Her career as an actress, producer, singer, and her makeup brand, Rare Beauty, have contributed to her millions.  ( 21 min )

Aspen Technology, RenaissanceRe Holdings, and Healthcare Realty Holdings lead mid-cap stocks in revenue growth.  ( 20 min )

Form W-9 is an Internal Revenue Service form which is used to confirm a person's taxpayer identification number (TIN).  ( 32 min )

AAA is the highest possible rating assigned to the bonds of an issuer by credit-rating agencies such as Standard & Poor’s and Fitch Ratings. Read more about these bonds.  ( 22 min )

TurboTax maker Intuit missed revenue estimates for key tax season and shares declined.  ( 1 min )

Abercrombie & Fitch surprised investors with a quarterly profit, and the retailer boosted its full-year guidance.  ( 1 min )

Kohl’s (KSS) investors got a positive surprise as the struggling department store chain reported an unexpected quarterly profit of 13 cents per share.  ( 1 min )

Abbott, the nation’s largest maker of infant formula, is being investigated by the Federal Trade Commission for potentially anti-competitive federal nutrition program bids.  ( 1 min )

Deutsche Bank (DB) and Citigroup (C) on Wednesday admitted to trading sensitive information on U.K. government bonds, and were among five banks found in breach of U.K. competition law.  ( 1 min )

Stocks fell for a second straight day as negotiations on the debt ceiling continued, with 3M and Boeing helping lead shares lower.  ( 1 min )

Treasury Secretary Janet Yellen is set to speak as debt ceiling negotiations continue and the FTC is investigating baby formula manufacturers on collusion charges. Here’s what investors need to know today.  ( 1 min )

Ahold Delhaize, het moederbedrijf van Albert Heijn, kreeg woensdag veel kritiek in de Tweede Kamer vanwege hun prijsverhogingen, hoge winst en beloning voor de topman. Diverse partijen trokken fel van leer omdat ze de lonen van medewerkers te laag vinden, terwijl het bedrijf vorig jaar 2,5 miljard euro winst maakte en topman Frans Muller miljoenen kreeg.  ( 5 min )

Zwitserse Emmentaler wordt geen beschermd kaasmerk, omdat Duitsers het woord Emmentaler als een ander woord voor kaas gebruiken. Het is de eerste keer dat een kaassoort géén beschermde status krijgt binnen de Europese Unie.  ( 3 min )

Zwitserse Emmentaler wordt geen beschermd kaasmerk, omdat Duitsers het woord Emmentaler als een ander woord voor kaas gebruiken. Het is de eerste keer dat een kaassoort géén beschermde status krijgt binnen de Europese Unie.  ( 3 min )

Zwitserse Emmentaler wordt geen beschermd kaasmerk, omdat Duitsers het woord Emmentaler als een ander woord voor kaas gebruiken. Het is de eerste keer dat een kaassoort géén beschermde status krijgt binnen de Europese Unie.  ( 3 min )

Een Netflix-account delen met vrienden en familie kan behoorlijk schelen in de kosten. Maar Netflix loopt daardoor inkomsten mis. Daarom gaat het bedrijf deze meelifters 3,99 euro per maand extra laten betalen.  ( 4 min )

Jumbo stapt alweer uit de flitsbezorging. De supermarktketen was daar actief in geworden via een samenwerking met de Duitse flitsbezorger Gorillas. Die is overgenomen door de Turkse branchegenoot Getir. De familie Van Eerd, eigenaar van Jumbo, had ook een belang in Gorillas. Die investering wordt ook teruggedraaid, laat een woordvoerder desgevraagd weten.  ( 3 min )

De NS mag op het grootste deel van het Nederlandse spoornetwerk het treinverkeer blijven verzorgen. Het kabinet blijft bij zijn besluit om het contract met het bedrijf voor het hoofdrailnet te verlengen.  ( 3 min )

De rechtbank Den Haag doet geen uitspraak over de vraag of de NS meer concurrentie krijgt op het spoor. Volgens de rechtbank gaat ze daar als burgerlijke rechter niet over. Bovendien zijn de regionale vervoerders te vroeg naar de rechter gestapt, omdat de vergunning nog niet definitief aan NS is verleend.  ( 3 min )

Facebook moet inzage geven in alle documenten die de Europese Commissie opvraagt. Dat heeft het Hof van Justitie van de Europese Unie bepaald na klachten van Facebook-moederbedrijf Meta. Brussel onderzoekt of het sociale netwerk zich schuldig maakt aan oneerlijke concurrentie.  ( 3 min )

Nederland moet aan de slag met het beperken van de energiesteun en het aanmoedigen van werk via vaste aanstellingen om het personeelstekort te verkleinen. Verder vraagt de Europese Unie in een lijst met aanbevelingen om iets meer zuinigheid. Het begrotingstekort moet ondanks moeilijke economische tijden niet te veel oplopen.  ( 5 min )

Na Rabobank en ING heeft nu ook ABN AMRO laten weten dat de rente op de spaarrekening per 1 juni van 0,75 procent naar 1 procent gaat. Dat geldt voor zowel particuliere als zakelijke spaarrekeningen.  ( 3 min )

De prijzen van koopwoningen zijn in april voor de derde maand op rij gedaald. Op ons reactieplatform NUjij waren hier veel vragen over. Want wat betekent dit voor de economie? En is dit het juiste moment om een huis te kopen of kun je beter nog even wachten? Stel je vragen over de huizenprijzen hier.  ( 2 min )

Jumbo en flitsbezorger Getir beëindigen hun samenwerking. De supermarktketen wil zich richten op de winkels en webshops en stopt met de bevoorrading van de magazijnen van Getir.  ( 3 min )

De verplichte verkoop van GIPHY heeft Facebook-moederbedrijf Meta veel geld gekost. Stockfotodienst Shutterstock koopt het gifjesplatform voor 53 miljoen dollar (49,2 miljoen euro). Drie jaar geleden betaalde Meta er nog 400 miljoen dollar voor.  ( 3 min )

Het leven in het Verenigd Koninkrijk was in april 8,7 procent duurder dan in dezelfde maand vorig jaar. Dat is fors meer dan de 2 procent inflatie die de Britse centrale bank voor ogen heeft.  ( 3 min )

Ondernemers zijn bezorgd over de extra belasting op aardgas die ze vanaf volgend jaar moeten betalen. Werkgeversorganisaties VNO-NCW en MKB-Nederland spreken van "een strafheffing".  ( 3 min )

Een deel van de huiseigenaren krijgt het niet voor elkaar subsidie aan te vragen voor het verduurzamen van hun woning. Zij vinden het aanvraagproces onbegrijpelijk, ontoegankelijk en zeer tijdrovend, blijkt uit het subsidiemeldpunt van Vereniging Eigen Huis (VEH).  ( 3 min )

Vier mensen zijn dinsdag opgepakt bij de ontmanteling van een illegale dienst voor internet-tv. De dienst had honderdduizenden abonnees.  ( 3 min )

Een deel van de huiseigenaren krijgt het niet voor elkaar subsidie aan te vragen voor het verduurzamen van hun woning. Zij vinden het aanvraagproces onbegrijpelijk, ontoegankelijk en zeer tijdrovend, blijkt uit het subsidiemeldpunt van Vereniging Eigen Huis (VEH).  ( 3 min )

NS hoort woensdag van de rechtbank in Den Haag of het meer concurrentie krijgt van andere vervoerders. De staat heeft het grootste deel van het treinvervoer in Nederland na 2025 gegund aan NS. Regionale vervoerders zoals Qbuzz en Arriva zijn gepikeerd dat zij niet mochten meedingen naar treinvervoer en stapten naar de rechter.  ( 5 min )

Wilt Chamberlain holds the NBA record for career rebounds, with 23,924 in total, or 22.9 per game, for a truly great sustained performance. But rebounds don’t only come in basketball, and a savvy investor, while not likely to pick up 23,924 rebounding stock transactions, can still find plenty of stocks that are primed for rebounds in the current market environment. That environment, with headwinds still in play making every shot more difficult, has left plenty of fundamentally sound stocks under  ( 12 min )

Retailer said some shoppers knocked down displays of Pride Month products and threatened store employees.  ( 26 min )

(Bloomberg) -- There are few, if any, leaders in the world who are publicly lashing out at central bankers more than Brazil’s Luiz Inacio Lula da Silva.Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeRussia Pushes India for Help to Avert Global Financial IsolationChina’s $23 Trillion Local Debt Mess Is About to Get WorseChina’s New Covid Wave Set to See 65 Million Cases a WeekThe reasons are inc  ( 10 min )

Target is removing certain items from its stores and making other changes to its LGBTQ merchandise nationwide ahead of Pride month, after an intense backlash from some customers including violent confrontations with its workers. Target declined to say which items it was removing but among the ones that garnered the most attention were “tucker friendly” women’s swimsuits that allow trans women who have not had gender-affirming operations to conceal their private parts. The Pride merchandise has been on sale since early May. Pride month is held in June.  ( 7 min )

What could happen on Main Street if Washington's political showdown over the debt ceiling stopped the government from cutting checks that fund a quarter of the economy? Americans could quickly notice painful blows dealt to their retirement accounts as stock markets swooned, and within days the lack of federal payments could weigh heavily on doctors' offices, retirees and workplaces throughout the country. If the U.S. Congress and the White House failed to lift the self-imposed $31.4 trillion legal limit on federal debt, the Treasury Department could start missing payments on its obligations as soon as June 1, according to the department's chief, Janet Yellen.  ( 7 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

The cybersecurity software company posted solid results for its fiscal third quarter ended April 30.  ( 22 min )

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(Bloomberg) -- Stratolaunch LLC and Rocket Lab USA Inc. are among the buyers for assets of Virgin Orbit Holdings Inc., the bankrupt space-launch company tied to billionaire Richard Branson.Most Read from BloombergMcCarthy, Graves Signal Impasse in White House Debt TalksWorld’s Richest Man Loses $11 Billion After LVMH Stock RoutXi Upends the Secretive World of $10,000-an-Hour China ExpertsLuxury Stocks Lose $30 Billion in One Day on Demand FearsChina’s New Covid Wave Set to See 65 Million Cases a  ( 8 min )

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(Bloomberg) -- Bernard Arnault, the world’s richest person, had $11.2 billion wiped from his fortune in one day over concerns that a softening US economy will dampen demand for luxury goods. Most Read from BloombergCarl Icahn Is $15 Billion Poorer After Hunter Becomes the HuntedMcCarthy Says Debt Deal Remains Elusive as Negotiations ResumeChina’s $23 Trillion Local Debt Mess Is About to Get WorseRussia Pushes India for Help to Avert Global Financial IsolationSaudi Energy Minister Tells Oil Specu  ( 7 min )

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US stocks closed lower Tuesday after President Joe Biden and House Republican Speaker Kevin McCarthy’s debt-ceiling talks the previous day ended with both taking an optimistic tone, but without a deal.  ( 8 min )

JPMorgan Chase & Co on Tuesday sought to shift blame for failing to snuff out sex crimes committed by the late Jeffrey Epstein, accusing the U.S. Virgin Islands of harboring and shielding the disgraced financier as he abused young women and girls over two decades. The largest U.S. bank made the accusation in a heavily redacted filing in Manhattan federal court, where the U.S. Virgin Islands is suing to hold it liable for providing banking services to Epstein from 1998 to 2013. JPMorgan said Epstein had a "quid pro quo" relationship with the U.S. Virgin Islands' highest-ranking officials, bestowing money and favors in exchange for millions of dollars of tax incentives and looking the other way at his crimes.  ( 8 min )

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When the Wall Street Journal's Thorold Barker asked Musk at an event if India was interesting, he said, "Absolutely". Tesla is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview last week. Tesla announced earlier this year that it would open a gigafactory in Mexico as the world's most valuable automaker pushes to expand its global output.  ( 7 min )

European luxury stocks dropped on Tuesday, wiping billions off their valuations, highlighting the sector's importance for the region's market rally.  ( 23 min )

I am 65 and at the absolute peak of my earnings. I'm also in the 35% tax bracket and am not looking to retire soon. I need $30,000 for a home project. I have enough to take it out of … Continue reading → The post Ask An Advisor: I'm 65, Earning at My ‘Absolute Peak' and Won't Retire Soon. Should I Use My Roth IRA for a $30K Home Improvement Project? appeared first on SmartAsset Blog.  ( 9 min )

The U.S. is on track to default on its payments obligations if the debt ceiling is not raised. But according to Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates, the problem could extend beyond a debt crisis. “The debt ceiling negotiations is ridiculous because it’s not dealing with the problem,” he said in a YouTube video. The billionaire investor explains that if the debt ceiling is raised, the U.S. will just keep piling on debt. And if the limit does not increase, t  ( 9 min )

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The U.S. Commerce Department should add Chinese memory chip maker Changxin Memory Technologies (CXMT) to a trade blacklist after Beijing earlier this week banned the sale of some chips by U.S.-based Micron Technology Inc, the chair of the U.S. House of Representatives' committee on China said on Tuesday. The restrictions this week by China's cyberspace regulator against Micron, the biggest U.S. memory chipmaker, were the latest in a widening trade dispute between the world's two largest economies.  ( 7 min )

Privately-held Morphogenesis Inc has agreed to combine with CohBar Inc (NASDAQ: CWBR) in an all-stock transaction forming a company combining expertise and resources to advance a late-stage oncology pipeline. The combined company will focus on advancing Morphogenesis' two technologies that seek to overcome the major obstacles that limit the effectiveness of current immunotherapies in treating cancer. The combined company is expected to operate under the name "TuHURA Biosciences Inc" and to trade  ( 7 min )

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Netflix on Tuesday outlined how it intends to crack down on the rampant sharing of account passwords in the U.S., its latest bid to reel in more subscribers to its video streaming service amid a slowdown in growth. To combat password sharing, Netflix said it will limit viewership of its programming to people living in the same household. Subscribers will still be able to watch Netflix when they are traveling.  ( 7 min )

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Deutsche Bank analysts think there's an equal possibility that President Joe Biden and Speaker Kevin McCarthy will come to an agreement or an extension in their debt ceiling negotiations.  ( 18 min )

Apple has unveiled a multibillion-dollar deal with Broadcom to produce new 5G radio frequency components in the US. The May 23 announcement comes as Apple—the world’s largest consumer electronics company—looks to spend more than $400 billion on domestic manufacturing.  ( 8 min )

Shares of companies that drill primarily for natural gas are poised to outperform their oil-focused counterparts by multiples, according to Bank of America analysts. Their argument is based on the assumption that future prices of natural gas will equal or exceed the current futures curve, which slo  ( 19 min )

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Security had to protect the board of Shell at the oil giant's annual general meeting as climate protesters rushed the stage amid more than an hour of disruption.  ( 29 min )

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Congress is putting US Treasury Secretary Janet Yellen in a tough spot.  ( 7 min )

Enterprise adoption of AI remains one of the biggest prizes for tech companies.  ( 23 min )

Bud Light sales were down 28.4% in the latest week, and parent Anheuser-Busch is now offering big rebates that could cut the cost of a case to under $5.  ( 22 min )

BJ's Wholesale Club reported results Tuesday morning that disappointed. But in those results were signs of inflation moderating while consumers grow more cautious, a microcosm of the US economy in one corporate release.  ( 8 min )

The electric-vehicle maker announced the 1-for-15 move, which will be will be effective on May 24.  ( 23 min )

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The new multiyear agreement brings manufacturing of some components to the U.S.  ( 22 min )

Nvidia, the world's most valuable chipmaker, is expected to say revenue and net income shrank by as much as a fifth last quarter, putting its stock's 100% rally so far this year to the test.  ( 19 min )

Cathie Wood’s singular investing style has generated huge returns for investors of her ARK Invest ETFs during certain periods (such as during the pandemic). However, it’s a strategy that has also been responsible for racking up losses during other times, such as last year’s bear market. Wood’s preference has always been for disruptors – whether in tech, healthcare, or the auto industry – and even in difficult times, she has not deviated from that path. Whatever you make of her stock choices, Woo  ( 10 min )

Apple has entered a multiyear deal with the chip and network equipment maker for components that will be made in the U.S.  ( 25 min )

US stocks opened lower on Tuesday after President Joe Biden and House Republican Speaker Kevin McCarthy’s debt-ceiling talks the previous day ended with both taking an optimistic tone, but without a deal.  ( 8 min )

(Bloomberg) -- A debt-ceiling negotiation that remains in limbo, elevated recession risks and a hawkish Federal Reserve stance are just a few of the reasons JPMorgan Chase & Co.’s Marko Kolanovic is advising clients to further dump equities and hold onto cash.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden, McCarthy Still Without Debt Deal But Sound Positive ToneSaudi Energy Minister Tells Oil Speculators to ‘Watch Out’Parents Sue Elite Schools for ‘Indoct  ( 8 min )

AutoZone posts fiscal third-quarter earnings of $34.12 a share, higher than analysts' estimates of $31.51.  ( 25 min )

Is it possible to earn a paycheck while sitting on the couch watching television? Absolutely, but it takes a bit of work beforehand to set things in motion. By developing online assets, investments and interest payments, you can put your … Continue reading → The post How to Make $1,000 a Month in Passive Income appeared first on SmartAsset Blog.  ( 12 min )

If you spot a Tesla on the road, you may be impressed by the sleek style of the car, but you may also find yourself wondering: How do you take an electric car like that on a road trip? How … Continue reading → The post How to Invest in EV Charging Stations appeared first on SmartAsset Blog.  ( 8 min )

The electric-vehicle maker announced the 1-for-15 move, which will be will be effective on May 24.  ( 23 min )

(Bloomberg) -- A blistering rally in luxury goods stocks this year powered by international demand particularly from China has taken a hit, wiping out more than $30 billion from the sector on Tuesday.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekMexico Raises A  ( 8 min )

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Apple's stock has been on autopilot this year.  ( 9 min )

(Bloomberg) -- Hungary’s forint weakened the most worldwide as Prime Minister Viktor Orban said his country had split with the European Union on Ukraine and the nation’s central bank prepares to cut interest rates.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekM  ( 6 min )

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US stock futures were lower ahead of the open on Tuesday after President Joe Biden and House Republican Speaker Kevin McCarthy’s debt-ceiling talks the previous day ended with both taking an optimistic tone, but without a deal.  ( 8 min )

J.P. Morgan analyst Bill Peterson launched coverage of the five steel producers. He doesn't really like any of them.  ( 22 min )

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AutoZone posts fiscal third-quarter earnings of $34.12 a share, higher than analysts' estimates of $31.51.  ( 22 min )

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Lowe's beat expectations for its first-quarter earnings but cut its full-year earnings and revenue outlook on softer consumer spending.  ( 22 min )

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Investing.com - The U.S. banking crisis, which has claimed a few victims since March, is the direct result of the Fed's fight against high Inflation. Uncertainty about the health of regional banks and rising yields in the money market led to a steady outflow of deposits, bringing banks' balance sheets to their knees.  ( 7 min )

The Detroit automaker sharpened its pitch to investors, but expectations are already high.  ( 27 min )

They were offered the benefits of owning apartment-building rentals without any of the work, in real-estate investments that have already left some people empty-handed.  ( 23 min )

(Bloomberg) -- Investors are boosting their bullish bets on US equities, making positioning increasingly “one-sided,” according to Citigroup Inc. strategists.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a Wee  ( 39 min )

(Bloomberg) -- US equity futures rose while Treasury yields and a gauge of dollar strength were little changed after President Joe Biden and House Speaker Kevin McCarthy said they had a productive talk on the debt ceiling. Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a W  ( 40 min )

(Bloomberg) -- Toyota Motor Corp. tumbled in the final minute of trading amid a downturn in the broader Japanese stock market on Tuesday.The stock closed 4.8% lower, its biggest decline since March 2022, shaving about $11 billion from the carmaker’s market value. The benchmark Topix closed 0.7% lower, erasing a gain in afternoon trading as news about Japan’s restrictions on chip-technology exports spurred profit taking.A block of 14.5 million Toyota shares crossed at 1,857 yen per share at the c  ( 38 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 21 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 21 min )

On Friday, the Treasury General Account was $60.7 billion, down from $140 billion just a week prior.  ( 37 min )

"When governments for one reason or another run up large debts, it is, as far as I can tell, unusual to pay those debts off," Nobel economist Paul Krugman said.  ( 37 min )

About 8 million jobs could be lost if the US fails to raise its debt ceiling ahead of the upcoming deadline in early June, according to the analysis.  ( 38 min )

LONDON (Reuters) -Oil rose on Tuesday supported by optimism the U.S. would avoid a debt default, a tighter market outlook and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ cuts to support the market. The gains added to a rally on Monday, when crude gained a tailwind from a 2.8% increase in U.S. gasoline futures ahead of the Memorial Day holiday on May 29 which traditionally marks the start of the peak summer demand season. On the U.S. debt ceiling, White House and congressional Republican negotiators will meet again on Tuesday to resolve a impasse over raising the $31.4 trillion debt limit, with the nation facing the risk of default in as little as nine days.  ( 7 min )

Commercial lines insurance protects businesses from potential losses they can't afford to cover.  ( 22 min )

A money market account (MMA) is similar to checking and savings accounts. Learn how MMAs offer more-competitive interest rates than savings accounts.  ( 23 min )

A business is an individual or group engaged in financial transactions. Read about types of businesses, how to start a business, and how to get a business loan.  ( 29 min )

A dividend is a distribution of earnings, often quarterly, by a company to its shareholders in the form of cash or stock reinvestment.  ( 28 min )

In an email sent to American users Tuesday, Netflix issued a new set of guidelines for users who wish to share accounts, as part of its push to crack down on password sharing.  ( 16 min )

Individuals can find discounted ways to purchase a home through auctions, government programs, or with rental income.  ( 20 min )

With iShares leading the pack, these are the 5 biggest ETF companies by assets under management.  ( 21 min )

There were many inflation causes that culminated in the high prices seen over the last year, but the Federal Reserve's slow response helped fan the flames, according to a new paper by former Fed Chair Ben Bernanke.  ( 19 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Apple, Microsoft, Intel move lower as tech stocks fall, while Chevron moved higher on a ratings upgrade  ( 16 min )

U.S. equities lost ground on May 23, 2023 as White House and congressional negotiators still haven't reached a deal on raising the federal debt ceiling to avoid a potential government default.  ( 16 min )

Costco (COST) will likely report solid earnings growth as rising memberships and sustained customer loyalty could help the wholesaler offset weakness in discretionary spending and ecommerce.  ( 17 min )

A crypto wallet is an essential piece of equipment for crypto enthusiasts to have. If you want to personalize your crypto's security, you can learn how to create a crypto wallet and set your security preferences.  ( 22 min )

Lordstown Motors announced a 1-for-15 stock split to get shares high enough to keep the stock listed on Nasdaq and save a Foxconn investment.  ( 16 min )

Combined single limits is an insurance policy provision where coverage for all components of a claim (bodily injury and property damage) is handled by a single amount.  ( 21 min )

E-commerce is a business model that enables the buying and selling of goods and services over the internet.  ( 31 min )

Shutterstock shares advanced in early trading on Tuesday morning after the provider of stock footage said it was buying animated images platform Giphy from Meta Platforms (META) for $53 million.  ( 17 min )

Activist investor TCS Capital Management demanded Yelp take immediate steps to boost the stock price, including considering a sale.  ( 16 min )

With Scorpio leading the pack, these are the 5 biggest oil tanker companies by 12-month trailing revenue.  ( 20 min )

Predatory lending imposes unfair, deceptive, or abusive loan terms on a borrower. Many states have anti–predatory lending laws.  ( 30 min )

You may want to remain a customer of your current bank and only close your savings account. Find out more about how this quick process is done.  ( 23 min )

Housing market demand varies city-to-city by most in a decade.  ( 18 min )

Learning how to buy Bitcoin with a credit card might seem like a great idea, but there’s a lot to take into consideration to ensure that you are doing it right.  ( 20 min )

Clients need to understand the full picture, including the good and bad of cryptocurrency investing.  ( 25 min )

Filing for a tax extension allows you to get extra time to file your tax return. But be warned, even if you extend your filing deadline, you still need to pay on time.  ( 29 min )

Slippage refers to the discrepancy between the expected price of a trade and the price at which the trade is executed.  ( 23 min )

These are the sports betting stocks with the best value, fastest growth and most momentum best performance for Q2 2023.  ( 22 min )

It is important to know what condition would classify as mortgage fraud and know about the common schemes and scams you should avoid.  ( 25 min )

Deutsche Bank analysts think there's an equal possibility that President Joe Biden and Speaker Kevin McCarthy will come to an agreement or an extension in their debt ceiling negotiations.  ( 16 min )

Webull is a top rated discount broker. Come learn how its fractional share offering can help you build a diversified portfolio.  ( 24 min )

The Consumer Financial Protection Bureau (CFPB) reached a settlement with Citizens Bank Tuesday over what the bureau called unlawful credit card servicing practices.  ( 16 min )

The deal will help Apple pivot to U.S. suppliers and give some runway to Broadcom to diversify its revenue stream for life after Apple begins making its own chips in-house.  ( 17 min )

TikTok sued Montana, alleging state legislation banning the video-sharing app violates the First Amendment. The Chinese-owned video app previously fought former President Donald Trump over a similar ban.  ( 16 min )

ChatGPT passed a practice CPA exam on second attempt, not unlike the roughly half of human candidates. But does this experiment mean ChatGPT is coming for accounting jobs?  ( 18 min )

Light & Wonder is the top casino stock for best value, while NeoGames is the top for fastest growth and most momentum.  ( 21 min )

Webull has been our top pick for the best low-cost options trading platform for the past several years. Come learn how to use its solid, commission-free option trading platform.  ( 20 min )

A NINJA loan is a slang term for a loan extended to a borrower with "no income, no job and no assets."  ( 20 min )

A guide for parents on common money apps. Find out why Apple Wallet, Cash App, and children's debit cards stand out among other players such as PayPal and Google Pay.  ( 26 min )

The average mortgage rate on 30-year home loans rose for the seventh day in a row, and the 15-year average was also up again. Refinance loans saw fixed rates edge higher, too.  ( 20 min )

Exposure at default (EAD) is the total value that a bank is exposed to at the time of a loan's default.  ( 21 min )

Nvidia, the world's most valuable chipmaker, is expected to say revenue and net income shrank by as much as a fifth last quarter, putting its stock's 100% rally so far this year to the test.  ( 19 min )

A money market account (MMA) is a savings account with several features not found in most savings accounts.  ( 29 min )

Debt ceiling talks will continue and Lowe’s shares fell after it cut its sales and profit outlook. Here’s what investors need to know today.  ( 18 min )

Financial well-being is the lowest it's been in seven years, according to the Federal Reserve.  ( 15 min )

A capital gains tax is a levy on the profit that an investor makes from the sale of an investment such as stock shares. Here's how to calculate it.  ( 35 min )

Learn about how Investopedia's credit card rating methodology considers over 70 features of credit cards including proprietary reward points valuation.  ( 21 min )

Apple, Microsoft, Intel move lower as tech stocks fall, while Chevron moved higher on a ratings upgrade  ( 1 min )

U.S. equities lost ground on May 23, 2023 as White House and congressional negotiators still haven't reached a deal on raising the federal debt ceiling to avoid a potential government default.  ( 1 min )

Debt ceiling talks will continue and Lowe’s shares fell after it cut its sales and profit outlook. Here’s what investors need to know today.  ( 1 min )

Zoom Communications shares jumped after beating analysts' estimates for revenue.  ( 1 min )

Costco (COST) will likely report solid earnings growth as rising memberships and sustained customer loyalty could help the wholesaler offset weakness in discretionary spending and ecommerce.  ( 1 min )

Shutterstock shares advanced in early trading on Tuesday morning after the provider of stock footage said it was buying animated images platform Giphy from Meta Platforms (META) for $53 million.  ( 1 min )

In an email sent to American users Tuesday, Netflix issued a new set of guidelines for users who wish to share accounts, as part of its push to crack down on password sharing.  ( 1 min )

Lordstown Motors announced a 1-for-15 stock split to get shares high enough to keep the stock listed on Nasdaq and save a Foxconn investment.  ( 1 min )

Activist investor TCS Capital Management demanded Yelp take immediate steps to boost the stock price, including considering a sale.  ( 1 min )

The Consumer Financial Protection Bureau (CFPB) reached a settlement with Citizens Bank Tuesday over what the bureau called unlawful credit card servicing practices.  ( 1 min )

The deal will help Apple pivot to U.S. suppliers and give some runway to Broadcom to diversify its revenue stream for life after Apple begins making its own chips in-house.  ( 1 min )

TikTok sued Montana, alleging state legislation banning the video-sharing app violates the First Amendment. The Chinese-owned video app previously fought former President Donald Trump over a similar ban.  ( 1 min )

Microsoft brengt dit jaar een chatbot voor Windows 11 uit met kunstmatige intelligentie. De Copilot AI werkt binnen het Windows-besturingssysteem en kan helpen bij allerlei taken op de computer. Verder heeft Microsoft nog veel meer plannen met AI, maakte het bedrijf dinsdag bekend.  ( 4 min )

Europese brouwers zijn geschokt door de plannen van Ierland om uitgebreide gezondheidswaarschuwingen op alcoholproducten te zetten.  ( 3 min )

De Staat vindt dat het Amerikaanse chemieconcern 3M de schade moet vergoeden die schadelijke stoffen in de Zeeuwse Westerschelde hebben aangericht. Minister Mark Harbers (Infrastructuur en Waterstaat) heeft het bedrijf aansprakelijk gesteld, laat de landsadvocaat in een brief aan 3M weten.  ( 3 min )

Het Russische staatsgasconcern Gazprom heeft de winst vorig jaar fors zien dalen met 40 procent tot 15,8 miljard dollar (14,7 miljard euro). Het bedrijf exporteerde minder gas en had ook veel last van belastingverhogingen.  ( 2 min )

Nederlandse huishoudens hebben in de eerste drie maanden van dit jaar ondanks de onrust in de bankensector winst behaald op hun beleggingen. Zij hebben ook meer belegd in aandelen en obligaties van banken, zo meldt De Nederlandsche Bank (DNB).  ( 3 min )

Wie in de lente en zomer energie wil besparen, doet dat het beste in de badkamer. Dan is de douche de grootste energiegebruiker. Althans, in een gemiddeld huishouden. Want er blijken grote verschillen te bestaan en die tellen op jaarbasis op tot honderden euro’s.  ( 4 min )

Het bestuur van Shell moest op de aandeelhoudersvergadering in Londen afgeschermd worden voor klimaatactivisten. Ze probeerden het podium te bestormen en zijn afgevoerd door beveiligers.  ( 3 min )

Het bestuur van Shell moest op de aandeelhoudersvergadering in Londen afgeschermd worden voor klimaatactivisten. Ze probeerden het podium te bestormen en zijn afgevoerd door beveiligers.  ( 3 min )

De Hongkongse luchtvaartmaatschappij Cathay Pacific Airways heeft haar excuses aangeboden voor vermeende discriminatie van een Chinese passagier. Die zou om een deken hebben willen vragen, maar gebruikte het Engelse woord carpet (tapijt) in plaats van blanket. Het personeel zou de reiziger daarom hebben uitgelachen.  ( 3 min )

Klanten van ING krijgen vanaf 1 juni 1 procent rente op hun spaargeld. Dat is nu nog 0,75 procent. Het is de tweede renteverhoging in korte tijd bij de grootste bank van het land. Daarmee volgt het bedrijf zijn concurrent Rabobank, die vorige week bekendmaakte zijn spaarrente voor de tweede keer in ruim een maand op te schroeven.  ( 3 min )

Een deel van het personeel van de Nedcar-fabriek in Born heeft dinsdag opnieuw het werk neergelegd. De staking volgde op langlopende onderhandelingen over een nieuw sociaal plan. De staking is een initiatief van werknemers zelf en is niet opgezet door vakbonden. Volgens VDL Nedcar zijn de medewerkers inmiddels weer aan de slag gegaan.  ( 3 min )

Reisorganisatie Corendon vliegt vanaf november zelf klanten naar Curaçao. De afgelopen tien jaar deed KLM dat. In eerste instantie vliegt Corendon vijf keer in de week, in het hoogseizoen wordt dat opgevoerd naar zes keer in de week.  ( 3 min )

Google verzamelt op illegale wijze privacygevoelige gegevens, vinden de Consumentenbond en Stichting Bescherming Privacybelangen (SBP). Daarom eisen de organisaties een schadevergoeding voor alle Google-gebruikers in Nederland.  ( 4 min )

De Amsterdamse afvalverwerker AEB komt toch niet in handen van zijn Rotterdamse sectorgenoot AVR. Het bedrijf dat na de overname ontstaat, wordt te groot volgens mededingingsautoriteit ACM. Daarom zet het een streep door de deal. AEB kwam enkele jaren geleden in de problemen doordat het een deel van zijn afvallijnen moest stopzetten.  ( 3 min )

Een nepfoto van een explosie in de buurt van het Pentagon heeft maandag tot verwarring en een korte dip op de Amerikaanse beurs geleid. De afbeelding is hoogstwaarschijnlijk met kunstmatige intelligentie (AI) gemaakt.  ( 3 min )

TikTok heeft maandag een proces tegen de Amerikaanse staat Montana aangespannen, omdat daar vorige week een wet is aangenomen die het sociale medium verbiedt.  ( 3 min )

Met de meivakantie en een lang weekend achter de rug voelen we ons weer fitter. Dat is hard nodig in deze tijd van hoge werkdruk, die wordt veroorzaakt door de krapte op de arbeidsmarkt. Dat zegt Jurriaan Penders, bedrijfsarts en directeur medische zaken bij HumanCapitalCare.  ( 4 min )

In de eerste drie maanden van dit jaar hebben we minder gekocht. Toch hebben winkels meer omgezet, blijkt uit nieuwe cijfers van statistiekbureau CBS. Dat komt vooral doordat de prijzen nu veel hoger zijn.  ( 3 min )

The well-worn adage ‘Keep it simple’ isn’t just a cliché; it holds true in many areas of life, including the stock market. It’s easy to get lost in the never-ending barrage of information and day-to-day drama on Wall Street, but a simple strategy will often point towards the best investment choices. One such strategy is to keep an eye on the insiders’ moves. These corporate officers are the ones who know best what is going on in the companies they oversee. When they are seen buying shares of the  ( 41 min )

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"A growth model dependent on stimulus and debt was always going to be unsustainable, and now it has run out of steam."  ( 38 min )

The top IBM shareholders are James Whitehurst, Arvind Krishna, James Kavanaugh, Vanguard Group Inc., BlackRock Inc., and State Street Corp.  ( 21 min )

Zoom Communications shares jumped after beating analysts' estimates for revenue.  ( 17 min )

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(Bloomberg) -- A falsified photograph of an explosion near the Pentagon spread widely on social media Monday morning, briefly sending US stocks lower in possibly the first instance of an AI-generated image moving the market.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racis  ( 8 min )

(Bloomberg) -- Blackstone Inc. is in discussions with lenders on a $310 million mortgage backed by a struggling Chicago office tower. Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden-McCarthy Debt Talk Ends With Optimism, But Without a DealMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a WeekThe commercial mortgage  ( 7 min )

Zoom Video beat Wall Street estimates and the company's own guidance—for both earnings and revenue—for the just-ended April quarter.  ( 22 min )

Shares of the tech giant have gained 34% this year, more than triple the S&P 500.  ( 22 min )

Zim outperformed competitors on the way up and is falling faster than other carriers on the way down. The post Shipping line Zim gets hammered by high spot-rate exposure appeared first on FreightWaves.  ( 42 min )

Singapore Airlines, Sun Country Airlines, and Copa Holdings lead industry in revenue growth  ( 21 min )

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Apple, Microsoft, Alphabet, Amazon and Nvidia are worth nearly $9 trillion combined as an AI boom has seen investors pile into mega-cap tech stocks.  ( 38 min )

Discover some of Ford Motor Company's most important subsidiaries and joint ventures and what they do to further Ford's business interests.  ( 20 min )

(Bloomberg) -- The US is hurtling toward a credit default that pundits universally agree would be catastrophic for the economy and financial markets. So why is the S&P 500 treading water near a nine-month high?Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalMeta Fined Record €1.2 Billion in EU Over US Data TransfersMessi, Ronaldo Lead Saudi Arabia's Multibillion-Dollar MakeoverGame theory offers some insi  ( 39 min )

The chip maker is getting a vote of confidence from KeyBanc Capital Markets for its long-term commitment to AI apps.  ( 22 min )

Lyft (LYFT) CEO David Risher has said that the rideshare company is "open" to selling itself, but there's a kicker – there's no obvious acquirer.  ( 41 min )

Chevron (CVX) said Monday it would buy energy exploration and production company PDC Energy (PDCE) for $6.3 billion.  ( 17 min )

First Citizens BancShares Inc, which acquired Silicon Valley Bank following its collapse, sued HSBC Holdings PLC on Monday, accusing it of illegally poaching more than 40 of the failed bank's employees. The lawsuit filed in San Francisco federal court says HSBC violated federal law by hiring away the workers in order to improperly gain access to Silicon Valley Bank's (SVB) trade secrets. First Citizens in the lawsuit said it is seeking more than $1 billion in damages.  ( 38 min )

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Shares of electric-vehicle giant Tesla are logging their fifth straight day of rising Monday. There are a few reasons for the big gain, but Ford might account for most of it.  ( 22 min )

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It's easy to earn a great rate on your savings or a CD, but it means looking beyond the big-name banks. Smaller players pay significantly more, and are just as safe.  ( 23 min )

ZIM Integrated Shipping Services Ltd (NYSE: ZIM) reported a Q1 2023 sales decline of 63% Y/Y to $1.37 billion, missing the consensus of $1.57 billion. Carried volume in Q1 was 769 thousand TEUs, a decrease of 10% Y/Y. The average freight rate per TEU in Q1 was $1,390 (-64% Y/Y). The company generated an EPS loss of $(0.50), down from $14.19 a year ago. Adjusted EBITDA fell 85% Y/Y to $373 million, with margins of 27% vs 68% a year ago. ZIM's total cash position stood at $4.25 billion as of March  ( 38 min )

Nvidia Corp (NASDAQ: NVDA) has announced a pact with Rolls Royce Holdings Plc(OTC: RLLCF) and Classiq to design jet engines using quantum computing. The companies used quantum-computing technologies to introduce computation fluid dynamics in operating jet engines. Leveraging Nvidia Corp's quantum-computing platform, the companies simulated the world's largest quantum-computing circuit for computational fluid dynamics to develop jet engines. The circuit was built using NVIDIA A100 Tensor Core GPU  ( 38 min )

In a new note, JPMorgan argues a debt ceiling crisis in 2023 could be far worse for markets than it was in 2011 when the S&P 500 fell nearly 20% from its peak.  ( 40 min )

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With Volkswagon leading the pack, these are the 10 biggest car companies by 12-month trailing revenue.  ( 22 min )

(Bloomberg) -- Ford Motor Co. reached a series of deals to buy lithium from projects in Canada to Chile, as automakers rush to secure the materials needed to build electric vehicles.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden Says US-China Relations Set to Improve ‘Very Shortly’Meta Fined Record €1.2 Billion in EU Over US Data TransfersMexico Raises Alert Level on Volcano Rumbling Near CapitalFord has struck deals with Albemarle Corp., the world’s top  ( 39 min )

He cautioned investors against falling into a “false bull trap.”  ( 39 min )

The chip maker is getting a vote of confidence from KeyBanc Capital Markets for its long-term commitment to AI apps.  ( 22 min )

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The two sides' relative negotiating strength helps explain why fInancial markets have stayed relatively calm, writes Larry Hatheway.  ( 43 min )

Exxon Mobil has bought land in Arkansas that contains lithium, a key component in lithium-ion batteries that power electric vehicles.  ( 22 min )

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Following 2022’s bear, the markets have made a recovery in 2023 with both the S&P 500 and, in particular, the NASDAQ showing healthy year-to-date gains. Therefore, it might be a natural instinct for investors who have nursed heavy losses to be eying the exit gate now the market is rebalancing, and the initial investment is back to breaking even. That kind of thinking, however, is a big mistake, says legendary investor Ken Fisher. “As initial bull market rallies build, investors — raw from the pr  ( 41 min )

Ford’s transformation into three business units focused on gas-powered cars, electric vehicles, and commercial customers is less than two quarters old. And investors still have a lot of questions for the 120-year old automaker - and how CEO Jim Farley intends to push profitability.  ( 40 min )

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PacWest's deal is adding to momentum around a recovery in the regional banking sector.  ( 38 min )

(Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard said he expects the central bank will need to raise interest rates twice more this year to quell inflation.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden Says US-China Relations Set to Improve ‘Very Shortly’Meta Fined Record €1.2 Billion in EU Over US Data TransfersMexico Raises Alert Level on Volcano Rumbling Near Capital“I think we’re going to have to grind higher,” he said Monday  ( 37 min )

(Bloomberg) -- Chevron Corp. said it will buy driller PDC Energy Inc. in a $6.3 billion all-stock deal, allowing Chevron to expand its holdings in shale basins in Colorado and West Texas.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden Says US-China Relations Set to Improve ‘Very Shortly’Meta Fined Record €1.2 Billion in EU Over US Data TransfersMexico Raises Alert Level on Volcano Rumbling Near CapitalChevron will pay $72 a share, a roughly 14% premium on  ( 38 min )

Estate planning matters if you're hoping to preserve as much of your wealth and assets as possible for future generations. One of the biggest challenges is finding ways to minimize your tax liability, as taxes can shrink the value of … Continue reading → The post The Basics of Estate Tax Planning appeared first on SmartAsset Blog.  ( 41 min )

Medigap and Medicare Advantage are both healthcare plans used by people in retirement. Medigap insurance helps supplement areas like coinsurance, deductibles and copayments. Medicare Advantage, sometimes called Part C, plans are offered by private companies approved by Medicare. We'll dive … Continue reading → The post Differences of Medigap vs. Medicare Advantage appeared first on SmartAsset Blog.  ( 39 min )

Will AI unleash a corporate profits boom? Goldman Sachs seems to think so.  ( 39 min )

Retirement is a major milestone that most couples look forward to. But some couples find the transition to retirement negatively impacts their marriage, sometimes resulting in irreconcilable differences and divorce. Rates of late-in-life divorce, also called "gray" divorce, have risen … Continue reading → The post How to Navigate a Divorce After You Retire appeared first on SmartAsset Blog.  ( 43 min )

Some financial products like life insurance or tax-advantaged retirement accounts require you to name one or more beneficiaries. However, that's not the case with many assets. For instance, you can buy a house or set up a savings account without … Continue reading → The post Differences of Beneficiary Designations vs. Wills appeared first on SmartAsset Blog.  ( 40 min )

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The deal would boost the oil company’s ownership in the largest U.S. oil field and in the Denver-Julesburg Basin.  ( 25 min )

'PDC’s attractive and complementary assets strengthen Chevron’s position in key U.S. production basins,' says Chevron Chairman and CEO Mike Wirth in a statement.  ( 25 min )

Mizuho of Japan has agreed to buy investment bank Greenhill in a deal worth $550 million including debt, the companies said Monday. Greenhill's stock surged premarket. Some key details: Mizuho is paying [$15 a share in cash](https://www.globenewswire.com/news-release/2023/05/22/2673304/0/en/Miz  ( 18 min )

The drugmaker is paying $17 a share for the Swiss biotech company. The move adds to the $71 billion worth of deals announced in the healthcare and life sciences space in the first quarter.  ( 22 min )

Nvidia has been the Wall Street darling stock of 2023.  ( 40 min )

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Chevron Corp said on Monday it would acquire PDC Energy Inc in an all-stock transaction for $7.6 billion, including debt. The oil major said the PDC deal would bring strong free cash flow, low breakeven production and development opportunities adjacent to Chevron's position in the Denver-Julesburg Basin, as well as additional acreage to the company's position in the Permian Basin. The deal is expected to increases Chevron's proved reserves by 10% at an acquisition cost of under $7 per barrel of oil equivalent.  ( 37 min )

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Washington awaits bids to refill crude reserves with modified price proposal.  ( 28 min )

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Ironwood Pharmaceuticals is paying $17 a share for the Swiss biotech company.  ( 22 min )

President Joe Biden and House Speaker Kevin McCarthy will meet today in a another effort to avoid a default and the European Union issued a record data privacy fine to Facebook parent Meta Platforms. Here’s what investors need to know today.  ( 19 min )

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(Bloomberg) -- PacWest Bancorp, one of the regional US lenders that was engulfed in turmoil earlier this month, said it agreed to sell a $2.6 billion portfolio of 74 real estate construction loans as part of its plan to shore up liquidity.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseBiden Says US-China Relations Set to Improve ‘Very Shortly’Mexico Raises Alert Level on Volcano Rumbling Near CapitalMeta Fined Record €1.2 Billion in EU Over US Data TransfersKen  ( 38 min )

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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 20 min )

The bank and other regional lenders have come under fire from investors over the past few months.  ( 22 min )

Ford Motor Co. CEO Jim Farley says the company will stop competing in over-served market segments and instead will place big bets on connected vehicles and digital services. The days of Ford being all things to all people are over, Farley said in a statement ahead of the company's capital markets day event Monday. Executives are to explain how Ford will get to a 10% pretax profit margin in 2026.  ( 38 min )

Another debt-ceiling meeting, China bans some Micron sales as chip war escalates, and other news to start your day.  ( 23 min )

Powerful investors such as Brookfield Asset Management are starting to cut their losing real estate bets to protect returns.  ( 25 min )

Regional lender PacWest Bancorp said on Monday it entered into an agreement to sell a portfolio of 74 real estate construction loans to a subsidiary of Kennedy-Wilson Holdings Inc.  ( 37 min )

(Bloomberg) -- Apple Inc.’s rally in 2023 has brought it back to the brink of a historic threshold: a $3 trillion market valuation.The stock has soared 35% this year, adding nearly $690 billion in market value, as investors have flocked to the iPhone maker’s steady revenue and massive cash flows. The advance has put Apple within striking distance of its January 2022 record.“In my career, I never envisioned a company of this size, but then I never envisioned a company capable of generating more t  ( 40 min )

↘️ Micron Technology (MU): The chip maker fell nearly 6% in premarket trading after [Beijing banned Chinese companies from buying the company's products](https://www.wsj.com/articles/beijing-bans-mi  ( 19 min )

Farmers in Kansas, the biggest U.S. producer of wheat used to make bread, are abandoning their crops after a severe drought and damaging cold ravaged farms. They are intentionally spraying wheat fields with crop-killing chemicals and claiming insurance payouts more than normal, betting the grain is not worth harvesting, Reuters found on a three-day tour of the state. Abandoning fields will lead to a smaller U.S. wheat supply in the world's No. 5 wheat exporter, with stocks seen falling to a 16-year low.  ( 39 min )

China’s cyberspace regulator told companies involved in critical information systems to stop buying Micron chips.  ( 23 min )

Vacancies are climbing and rents are sinking amid a stalled return-to-office rate.  ( 26 min )

U.S. semiconductor toolmaker Applied Materials Inc on Monday said it plans to spend up to $4 billion on a research center in the heart of Silicon Valley to speed up advances in semiconductor manufacturing. The center, which will be based in Sunnyvale, California, will come on line in 2026 and create up to 2,000 engineering jobs, said Applied, which is the world's biggest maker of the tools used in manufacturing chips. The facility will host about $25 billion of research work over its first decade, pulling together staff from research universities and major chipmakers such as Intel Corp, Taiwan Semiconductor Manufacturing Co and Samsung Electronics Co Ltd, among others.  ( 39 min )

India has witnessed a spurt in demand for gold since the Reserve Bank of India (RBI), last week, announced that the 2,000-rupee currency notes will be pulled out of circulation.  ( 38 min )

China bans companies from buying chips from Micron Technology, Ford hosts an investor day, and Zoom Video is scheduled to report earnings Monday.  ( 23 min )

(Bloomberg) -- Don’t be fooled into believing that the rally in US stocks is the beginning of a new bull market, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergBiden Says US-China Relations Set to Improve ‘Very Shortly’China’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalZelenskiy Signals Bakhmut Falling, Russian Casualties HighWilson, among the most bearish voices on Wall Street, says there’s too much evidence,  ( 38 min )

(Bloomberg) -- Adani Group shares surged on Monday, extending gains spurred by an Indian court panel’s report that found no conclusive evidence of stock-price manipulation as alleged by US short seller Hindenburg Research.Most Read from BloombergBiden Says US-China Relations Set to Improve ‘Very Shortly’Zelenskiy Signals Bakhmut Falling, Russian Casualties HighMexico Raises Alert Level on Volcano Rumbling Near CapitalTraders Brace for Volatility With US Debt Deal Still ElusiveThe 10 Adani stocks  ( 38 min )

China has said it found "relatively serious" cybersecurity risks from chips made by US semiconductor giant Micron amid an escalating technology battle between the superpowers.  ( 39 min )

Here is your Pro Recap of the biggest analyst picks you may have missed today: upgrades at Norfolk Southern, DraftKings, Union Pacific, and AnaptysBio. Norfolk Southern (NYSE:NSC) shares rose more than 2% pre-market today after two Wall Street firms upgraded the company, as InvestingPro reported in real time. Wells Fargo upgraded the company to Overweight from Equal Weight and raised its price target to $250.00 from $225.00.  ( 38 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Credit Suisse AG staff are making preparations to sue the Swiss financial regulator over $400 million of bonuses that were cancelled following the bank's rescue by UBS, the Financial Times reported on Monday. Law firms Quinn Emanuel and Pallas, which are already suing Swiss regulator Finma on behalf of investors who owned AT1 bonds, have received multiple requests from senior managers at Credit Suisse to take legal action on their behalf, the report said.  ( 37 min )

As talks over raising the U.S. government's $31.4 trillion debt ceiling go down to the wire, Wall Street banks and asset managers have been preparing for the fallout from a potential default. The financial industry has prepared for such a crisis before, most recently in September 2021. Less than two weeks remain until June 1, when the Treasury Department has warned that the federal government might not be able to pay all its debts, a deadline U.S. Treasury Secretary Janet Yellen reaffirmed on Sunday.  ( 39 min )

Korean carmaker known for its budget brands has become an EV innovator; sets sights on Tesla  ( 22 min )

The dollar nursed losses against the yen and euro on Monday following a surprise breakdown in U.S. debt ceiling negotiations and after Federal Reserve chair Jerome Powell indicated a preference to slow rate hikes. Investors now await a key meeting between U.S. President Joe Biden and House Republican Speaker Kevin McCarthy to discuss the debt ceiling on Monday. "Have we not seen this movie before?" National Australia Bank strategist Rodrigo Catril said in a client note, while Westpac strategist Sean Callow called it a "hiccup."  ( 39 min )

Cyberspace office says the chip maker’s products pose a major national-security risk.  ( 27 min )

Oil prices edged up on Monday on a softer dollar and supply cuts from Canada and OPEC+ producers, while investors waited to see if a pledge by the Group of Seven (G7) nations to strictly enforce price caps on Russian energy would impact exports. Brent crude futures climbed 14 cents, or 0.2%, to $75.72 a barrel by 0018 GMT while U.S. West Texas Intermediate crude for July delivery, the more actively traded contract, was at $71.84 a barrel, up 15 cents, or 0.2%. The dollar came off a two-month top against a basket of major peers as investors expect the Federal Reserve to keep rates unchanged at its June meeting.  ( 39 min )

Asian stocks and Wall Street futures slipped on Monday as U.S. debt ceiling negotiations approached crunch time after stalling last week, while lingering banking fears and fresh geopolitical worries capped sentiment. U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday, less than two weeks before the June 1 deadline after which Treasury expects the federal government will struggle to pay its debts. A failure to lift the debt ceiling would trigger a default, sparking chaos in financial markets and a spike in interest rates.  ( 39 min )

(Reuters) -Gold prices edged up on Monday as drawn-out discussions around the U.S. debt ceiling and Federal Reserve Chair Jerome Powell's less-hawkish comments added to the safe-haven bullion's appeal. "Concerns over the debt ceiling remain to be a key pillar of support for gold prices, with $2,000 providing a spring board for dip buyers on Friday as talks rolled over for another week," said Matt Simpson, a senior market analyst at City Index. U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday, which will be closely watched to see if a resolution is reached in the standoff after negotiations broke off on Friday.  ( 38 min )

Vanguard mutual funds and exchange-traded funds (ETFs) can be bought through other brokerages, but some advantages may be lost and some fees incurred.  ( 19 min )

(Bloomberg) -- Equity futures for US and Asian stock benchmarks slid while currencies held within tight ranges in a cautious start to trading Monday as the risk of a debt default in Washington cast a shadow over markets.Most Read from BloombergZelenskiy’s Surprise G-7 Stop Unnerves Critical Brazilian LeaderZelenskiy Signals Bakhmut Falling, Russian Casualties HighTraders Brace for Volatility With US Debt Deal Still ElusiveBiden Says US-China Relations Set to Improve ‘Very Shortly’Movements in mo  ( 39 min )

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U.S. equities ended mixed on Monday, May 22, 2023 before President Biden and Speaker McCarthy were set to meet to negotiate an end to the debt ceiling stalemate.  ( 1 min )

Coming off a positive week, the Dow Jones Industrial Average dropped 0.4%, or 140 points, as investors continued to wait for developments in the U.S. debt ceiling negotiations.  ( 1 min )

President Joe Biden and House Speaker Kevin McCarthy will meet today in a another effort to avoid a default and the European Union issued a record data privacy fine to Facebook parent Meta Platforms. Here’s what investors need to know today.  ( 1 min )

PacWest Bancorp sold 74 construction loans valued at $2.6 billion to Kennedy-Wilson Holdings, as it tries to boost its finances.  ( 1 min )

Online banking and apps, despite ominous predictions to the contrary, have not killed off your local bank and that's why JPMorgan's betting on expanding its branch footprint.  ( 1 min )

Pfizer's experimental diabetes treatment helped patients lose weight similar to Ozempic, but in less time.  ( 1 min )

Second-biggest U.S. EV maker announced deals that not only will supply enough lithium for millions of batteries, but also qualify for $7,500 in tax credits.  ( 1 min )

Chevron (CVX) said Monday it would buy energy exploration and production company PDC Energy (PDCE) for $6.3 billion.  ( 1 min )

Large investors, who were buying homes and pricing out home buyers, are no longer investing in the housing market at a frenetic pace. Here's why and what it means for homebuyers.  ( 1 min )

The European Union’s (EU) $1.3 billion fine against Facebook on Monday was the third-largest ever against a U.S. tech giant, and the latest in a series of fines meant to rein in big tech.  ( 1 min )

The top IBM shareholders are James Whitehurst, Arvind Krishna, James Kavanaugh, Vanguard Group Inc., BlackRock Inc., and State Street Corp.  ( 21 min )

Zoom Communications shares jumped after beating analysts' estimates for revenue.  ( 16 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 17 min )

JPMorgan's Dimon has no plan soon to step aside as CEO, sees potential credit distress ahead but no repeat of 2008-09 crisis  ( 17 min )

Personal loan rates jumped following three weeks of declines, raising the overall average by 51 basis points and crossing the 21.00% threshold for the first time this year.  ( 18 min )

Coming off a positive week, the Dow Jones Industrial Average dropped 0.4%, or 140 points, as investors continued to wait for developments in the U.S. debt ceiling negotiations.  ( 16 min )

U.S. equities ended mixed on Monday, May 22, 2023 before President Biden and Speaker McCarthy were set to meet to negotiate an end to the debt ceiling stalemate.  ( 16 min )

With Apple leading the pack, these are the 10 biggest tech hardware companies by 12-month trailing revenue.  ( 21 min )

PacWest Bancorp sold 74 construction loans valued at $2.6 billion to Kennedy-Wilson Holdings, as it tries to boost its finances.  ( 16 min )

The number of financial designation programs offering expertise in “senior finance” is on the rise, but do they offer real value?  ( 24 min )

Pfizer's experimental diabetes treatment helped patients lose weight similar to Ozempic, but in less time.  ( 16 min )

An investment thesis is a strategy proposal backed by original research and analysis. It is important to decide your next step.  ( 18 min )

Fidelity has been our top pick in multiple categories for the past several years. Come learn how its fractional share offering can help you build a diversified portfolio.  ( 22 min )

Online banking and apps, despite ominous predictions to the contrary, have not killed off your local bank and that's why JPMorgan's betting on expanding its branch footprint.  ( 17 min )

Adjustable-rate mortgages can save borrowers money, but you can't go into one blind. In order to benefit from an ARM, you have to understand how it works.  ( 23 min )

Second-biggest U.S. EV maker announced deals that not only will supply enough lithium for millions of batteries, but also qualify for $7,500 in tax credits.  ( 18 min )

Need an app for investing and trading? Here are the best investment apps based on user experience, trading technology, products, cost, security, and customer service.  ( 31 min )

Singapore Airlines, Sun Country Airlines, and Copa Holdings lead industry in revenue growth  ( 20 min )

Venmo said its new Venmo Teen Account, a service that allows parents to open financial accounts for their teen children aged 13 through 17, will be available starting in June.  ( 17 min )

Economic statistics may be leading indicators, lagging indicators, or coincident indicators. That is, they illuminate what may happen next, what just happened, or what is happening.  ( 21 min )

Discover some of Ford Motor Company's most important subsidiaries and joint ventures and what they do to further Ford's business interests.  ( 20 min )

With Apple topping the list, these are the 10 biggest technology companies by 12-month trailing revenue.  ( 21 min )

Bonds are often viewed as the less-glamorous sidekicks of stocks, but they deserve more respect. Learn how a fixed-income portfolio works.  ( 21 min )

PDC Energy shares (PDCE) are jumping after Chevron (CVX) announced an agreement to buy the energy exploration and production company for $6.3 billion.  ( 16 min )

It's easy to earn a great rate on your savings or a CD, but it means looking beyond the big-name banks. Smaller players pay significantly more, and are just as safe.  ( 22 min )

Large investors, who were buying homes and pricing out home buyers, are no longer investing in the housing market at a frenetic pace. Here's why and what it means for homebuyers.  ( 17 min )

The European Union’s (EU) $1.3 billion fine against Facebook on Monday was the third-largest ever against a U.S. tech giant, and the latest in a series of fines meant to rein in big tech.  ( 19 min )

Mortgage rates on 30-year and 15-year loans continued to rise, both now even further above their highest level in more than two months. Refinance rates were mixed.  ( 19 min )

This week’s cryptocurrencies to keep an eye on are Render Token (RNDR), Synthetix (SNX), Mask Network (MASK), Injective (INJ), and XRP (XRP).  ( 20 min )

Patent share is the percentage share of a universe of patents owned or created by one subset of that universe.  ( 19 min )

With Volkswagon leading the pack, these are the 10 biggest car companies by 12-month trailing revenue.  ( 22 min )

Learn the stories behind the five largest institutional shareholders of British Petroleum stock, who are all investment management firms.  ( 21 min )

The new law assesses $10,000 fines on app stores that distribute TikTok to Montanans, but how can the state enforce it?  ( 18 min )

The Food and Agriculture Organization (FAO) is a United Nations agency that works on international efforts to defeat hunger by developing agriculture.  ( 19 min )

Jeff Kleintop, Chief Global Investment Strategist for Charles Schwab, rejoins The Express to share his favorite economic and market indicators, what to watch out for in the debt ceiling showdown, and how to pick stocks around the world in today's bewildering environment.  ( 15 min )

There are countless CD options, and it can be hard to choose. Gain a thorough understanding of Bank of America’s CD rates to make a well-informed decision about opening an account.  ( 19 min )

Vanguard offers brokered CDs through various banks with competitive rates and a wide range of terms. Learn all the details here.  ( 18 min )

Currencies trade on the foreign exchange market in which trading is always occurring somewhere around the world. Learn how a closing price is assessed.  ( 18 min )

A registered investment advisor (RIA) professionally manages investment portfolios and advises on investment strategies. Learn more about RIAs and whether you need one.  ( 27 min )

Anheuser-Busch, Ambev, and Tsingtao Brewery lead the industry in revenue growth.  ( 19 min )

To become a registered investment advisor requires specific licensing, qualifications and regulations, but the greater freedom may be worth it.  ( 26 min )

Life insurance provides a financial safety net for your loved ones, but in certain situations, your policy might not pay out the death benefit.  ( 24 min )

Service members face challenging circumstances when deciding whether to buy—or how to go about selling—once they have a new post.  ( 23 min )

Kenneth I. Chenault is a former chair and CEO of American Express  ( 21 min )

President Joe Biden and House Speaker Kevin McCarthy will meet today in a another effort to avoid a default and the European Union issued a record data privacy fine to Facebook parent Meta Platforms. Here’s what investors need to know today.  ( 19 min )

The cost of owning a second home can be reduced through tax deductions on mortgage interest, property taxes, and rental expenses, among others.  ( 31 min )

Disposable income is the amount of money that a person or household has to spend or save after income taxes are deducted.  ( 26 min )

Sovereign defaults, in which a nation can't pay its debts and is technically bankrupt, are actually more common than you think. Learn more about their impact.  ( 23 min )

The risk-free rate of return is the theoretical rate of return of an investment with zero risk. Learn how it works and what it means for investors.  ( 25 min )

Vanguard mutual funds and exchange-traded funds (ETFs) can be bought through other brokerages, but some advantages may be lost and some fees incurred.  ( 19 min )

You can buy a home in trust to control how, when, and to whom the property will transfer when you die, but the process can be more complex. Learn how it works.  ( 25 min )

TikTok heeft maandag een rechtszaak aangespannen tegen de Amerikaanse staat Montana, omdat daar vorige week een wet is aangenomen die het sociale medium verbiedt.  ( 3 min )

175.000 mensen begonnen in 2022 met een baan in zorg en welzijn. Dat is het grootste aantal sinds eind 2010. Toch kampt de sector nog altijd met enorme personeelstekorten.  ( 3 min )

De monniken van de Sint-Sixtusabdij in het Vlaamse Westvleteren gaan binnenkort hun bier verkopen bij Nederlandse slijterijen. Omdat het gelijknamige trappistenbier nu voor hoge prijzen wordt verkocht op de zwarte markt, gaan de monniken het op de legale manier in Nederland verkopen.  ( 3 min )

De monniken van de Sint-Sixtusabdij in het Vlaamse Westvleteren gaan binnenkort hun bier verkopen bij Nederlandse slijterijen. Omdat het gelijknamige trappistenbier nu voor hoge prijzen wordt verkocht op de zwarte markt, gaan de monniken het op de legale manier in Nederland verkopen.  ( 3 min )

De omstandigheden voor de woningbouw zijn slecht, schrijft minister Hugo de Jonge (Volkshuisvesting) maandag in een brief aan de Tweede Kamer. Hoewel er vorig jaar meer woningen bij zijn gekomen dan De Jonge had verwacht, voorziet hij met name voor 2024 een "forse dip" in de woningproductie.  ( 4 min )

Prijzen voor koophuizen dalen al enige tijd en de vorige maand was daar geen uitzondering op, bleek maandag. Daarmee zijn de extreme stijgingen van de afgelopen jaren nog lang niet gecompenseerd, maar het toont volgens deskundigen wel aan dat de gekte langzaam uit de markt verdwijnt.  ( 5 min )

Facebook-moederbedrijf Meta kreeg maandag een boete van 1,2 miljard euro opgelegd. Dat is de hoogste privacyboete ooit in Europa, maar lang niet de enige. Sinds 2018 zijn er tientallen techbedrijven voor honderden miljoenen euro's berispt vanwege dergelijke overtredingen.  ( 5 min )

Schiphol telde ook in april een miljoen reizigers minder dan voor de coronapandemie. Er kwamen 5,1 miljoen passagiers voorbij. De luchthaven ziet het aantal passagiers wel toenemen in vergelijking met een jaar eerder.  ( 3 min )

Privacyorganisaties zijn blij met de Europese megaboete van 1,2 miljard euro voor Facebook-moederbedrijf Meta. Internetbedrijven zijn bezorgd en vragen zich af of zij nog gegevens van Europeanen mogen verwerken.  ( 4 min )

De Nederlandse Voedsel- en Warenautoriteit (NVWA) heeft in de eerste helft van vorig jaar 5.700 tekortkomingen geconstateerd in grote Nederlandse slachthuizen. De toezichthouder vindt dat de bedrijven nu echt werk moeten maken van dierenwelzijn. Maar de vleessector herkent zich niet in het beeld.  ( 4 min )

Europese privacytoezichthouders hebben Meta een boete van 1,2 miljard euro opgelegd. Het moederbedrijf van Facebook krijgt die boete omdat het data van Europese gebruikers heeft doorgestuurd naar de Verenigde Staten.  ( 3 min )

Ryanair gaat de ticketprijzen omhoogschroeven nu de vraag naar vliegreizen aantrekt. Wie onder de duurdere ticketprijzen uit wil komen, moet volgens topman Michael O'Leary vroeg boeken.  ( 3 min )

Marjan van Loon, die afgelopen maand afzwaaide als president-directeur van Shell Nederland, gaat niet meer fulltime betaald aan de slag.  ( 3 min )

Het consumentenvertrouwen is na zes maanden groei iets gedaald. Consumenten zijn vooral negatiever over de economie in de aankomende twaalf maanden. De koopbereidheid is in mei wel wat toegenomen.  ( 3 min )

De prijzen van koopwoningen zijn in april voor de derde maand op rij gedaald. Gemiddeld betaalden kopers 4,4 procent minder dan een jaar eerder, blijkt uit cijfers van het CBS en het Kadaster.  ( 3 min )

De prijzen van koopwoningen zijn in april voor de derde maand op rij gedaald. Gemiddeld betaalden kopers 4,4 procent minder dan een jaar eerder, blijkt uit cijfers van het CBS en het Kadaster.  ( 3 min )

Vanuit de supermarkt via je smartphone een kijkje nemen in de koelkast of er nog bakboter is. Of onderweg naar huis alvast de oven laten voorverwarmen. In steeds meer Nederlandse keukens is slimme keukenapparatuur te vinden. Dat lijkt handig, maar is het niet altijd.  ( 4 min )

Investors are constantly looking for ways to generate big returns, after all that is the whole point of investing. Achieving that goal is easier said than done, however. As with anything, if it were really simple, investors would only have success stories to tell. That said, there are ways to gain an edge in the market, and one common route is to keep track of insiders’ actions. Insiders are corporate officers responsible for their respective companies’ performance and have access to information  ( 42 min )

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The Federal Open Market Committee will release the minutes from its early-May monetary-policy meeting, which will be closely scrutinized for clues about when officials might pause interest-rate increases.  ( 22 min )

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(Bloomberg) -- Things may get even worse for Japanese currency bulls after the yen touched its lowest level against the greenback this year and traders get closer to erasing their bets on a central bank policy tweak. Most Read from BloombergBiden Says US-China Relations Set to Improve ‘Very Shortly’Zelenskiy Signals Bakhmut Falling, Russian Casualties HighMexico Raises Alert Level on Volcano Rumbling Near CapitalTraders Brace for Volatility With US Debt Deal Still ElusiveThe yen closed at 137.98  ( 39 min )

Ford Motors host its 2023 “Capital Markets Day” its calling “Delivering Ford+.” Investors can tune in starting at 8 a.m. Eastern time.  ( 22 min )

It was another busy week in the transportation world and no surprise, Tesla was one of the headliners. The company held its annual shareholder meeting and as per ushe, CEO Elon Musk shared tidbits and musings about the company. Speaking of Musk, he lost another bid to end a 2018 settlement with the U.S. Securities and Exchange Commission that requires oversight of some of his Tesla-related tweets.  ( 44 min )

Earnings reports from Zoom Video, Lowe’s, Snowflake, Best Buy, Costco, and Ulta. Plus, minutes from the Federal Reserve’s May meeting and core PCE inflation data.  ( 22 min )